As the Federal Reserve slowly unwinds its agency MBS holdings, economists forecast there are more disposals to come and without much market disruption.

Defaults remain low on student loan refinancing originated by online lenders due to the overall high quality of their borrowers, and some new repayment assistance programs will help the strong performance, said Moody’s Investors Service.

Merrill Lynch has agreed to pay more than $15 million to resolve allegations that its traders misled investors into overpaying for residential MBS. In other legal stories, a monoline insurer sued a trustee over the settlement amount in an RMBS repurchase case while another group of MBS trustees defeated a class-certification motion in California state court.

The possibility of issuer failure is a continuing concern at Ginnie Mae…

The new ruling raises the likelihood that the Supreme Court might take up the issue in the future.

“We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”

President Trump this week nominated a little-known White House budget official to run the Consumer Financial Protection Bureau, effectively allowing Mick Mulvaney to stay as the agency’s acting director, possibly until 2020.

Lawsuits brought by cities with allegations of violations of the Fair Housing Act (FHAct) by lenders are continuing after a decision by the U.S. Supreme Court with a mixed message for lenders.