Fannie Mae warns that changes could have a material effect on the “quality and quantity of loans available for sale to us.”

GSE shareholder rights group Investor Unite was quick to pounce on the Pollock blog...

The New York Fed argues that CRTs have reduced the GSEs’ exposure to mortgage credit risk without disrupting the stability of the secondary mortgage market…

MBS investors are encouraged the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states.

India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.

The FHFA Inspector General worries that relying on a small number of counterparties increases the GSEs’ risk exposure…

The CFPB’s impact on the mortgage-backed security market remained a touchy subject at the SFIG Vegas conference last week. MBS investors are encouraged that the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states. For a time after the CFPB implemented the TILA-RESPA Integrated Disclosure rule, sales of non-agency mortgages were difficult to complete. TRID includes assignee liability ...

The CFPB needs to rethink its approach to financial innovators, and one of the most welcomed changes would be to reinvent the agency’s “no-action letters” policy, compliance attorneys said. The program was introduced in February 2016 as part of the bureau’s “Project Catalyst” to improve access to consumer financial products and services, and to reduce regulatory uncertainty for financial innovators.A no-action letter would indicate that bureau staff have reviewed a company’s application ...

Removing civil public records has little effect on consumers’ credit scores, the CFPB found in the latest quarterly consumer credit trends report issued last week. The National Consumer Assistance Plan required the three nationwide credit reporting companies – Equifax, Experian, and TransUnion – to create minimum standards for personal information and reporting frequency for civil public records, including bankruptcies, civil judgement, and tax liens. The new standards were a product between the credit ...

CFPB Acting Director Mick Mulvaney said the bureau will depend on state attorneys general for more leadership and more collaboration in enforcing consumer protection laws. “We are going to look into the state regulators and state attorneys general for a lot more leadership when it comes to enforcement,” Mulvaney said at the winter meeting of the National Association of Attorneys General. If a state attorney general is not bringing an action that the bureau is looking at, “I’m going to want to know why,” he said ...