Promontory MortgagePath Snags Former Top CFPB Attorney to Head Compliance Department. Promontory MortgagePath on Tuesday named former federal regulator Colgate Selden chief compliance officer. Selden comes to the vendor from the Alston & Bird law firm, but before that was senior counsel in the office of regulations at the Consumer Financial Protection Bureau ... [Include one brief]

The Urban Institute believes Fannie and Freddie could be wound down within five years and be replaced by new entities with no government backstop…

Nomura was serving as the lender’s investment banker on the deal…

After reporting a $44.9 million loss for the fourth quarter, Impac’s share price fell to a new 52-week low...

Efforts to enhance disclosures on MBS and ABS in recent years have generated mixed results, according to industry participants. Inadequate disclosures helped contribute to the financial crisis, according to investors that suffered significant losses on MBS and ABS.

A New York bankruptcy judge has ordered the bankruptcy estate of Lehman Brothers Holdings to pay $2.38 billion to cover legacy residential MBS claims filed by trustees in 2008.

Hensarling is chairman of the House Financial Services Committee, which means any Fannie Mae/Freddie Mac reform bill must first go through his panel, whether he’s the author or not.

Already, there’s speculation that Trump would tap Deputy HUD secretary Pam Patenaude to replace Carson...

Approvals by state regulators and federal agencies of mortgage-related mergers and acquisitions can drag on for a variety of reasons, but lenders and servicers can help speed the process by providing detailed disclosures, according to industry attorneys. Keisha Whitehall Wolfe, counsel at the law firm of Mayer Brown, suggested providing regulators with details about what is changing at a company due to pending M&A activity and what isn’t changing. She suggested providing a ...

Both GSEs have now paid the government the 10 percent compound rate of return required by the original senior preferred stock agreement, according to the R Street Institute. The think tank’s senior fellow, Alex Pollock, said it’s time to put the senior preferred stock purchase agreement to rest. Fannie just recently joined Freddie in this “10 percent moment.” He said because Treasury has received dividend payments from both Fannie and Freddie that equal the economic equivalent of repayment of the entire principal of their senior preferred stock, plus a full 10 percent yield, “it is now entirely reasonable for it to consider declaring the senior preferred stock retired.”