SCOTUS Denies Request to Take Up CFPB ABS Lawsuit December 17, 2024 Shannon Clark The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.Read More
HUD Urged to Revise Effort on Servicing Convenience Fees December 17, 2024 Monica Hogan The Mortgage Bankers Association noted some notices of violation sent by HUD’s Mortgagee Review Board seek civil monetary penalties for violations of the National Housing Act, and others mention other administrative actions.Read More
Nonbanks Face Complications With CFPB’s Required Registry December 17, 2024 Shannon Clark Chris Willis, a partner at the law firm of Troutman Pepper, said the rule is “complex” and has caused a lot of “confusion and misunderstanding.”Read More
Short Takes: ‘No Meaningful Decline’ Expected for 10-Year / Confidential Report on Basel III / Demand Increases for Purchases of New Homes / Homesteading Proposal December 17, 2024 Brandon Ivey Fannie Mae economists forecast “no meaningful decline ” in the 10-year Treasury rate in 2025.Read More
Servicing Outstanding Grows in 3Q With Push From FHA/VA December 13, 2024 Brandon Ivey Ginnie Mae servicing outstanding increased by 1.8% during the third quarter.Read More
SFA Revamps Data Fields for Prime Non-Agency MBS December 13, 2024 James Dohnert The Structured Finance Association is aiming to replace the data tape established by the American Securitization Forum in 2009.Read More
CBO Details Potential Cost Savings From GSE Tweaks December 13, 2024 Brandon Ivey The Congressional Budget Office looked at eliminating the high-cost loan limit or extending an add-on to the guarantee fee charged by the GSEs.Read More
Non-Agency MBS Issuance Picks Up, Led by Expanded Credit December 13, 2024 Brandon Ivey Four non-agency mortgage-backed securities started marketing Thursday, including three expanded-credit MBS.Read More
Short Takes: French Hill to Lead HFSC / FHA Offers Hurricane Relief to Lenders / Affordability Issues Persist / Negative Outlook for Statebridge / PHH Turns to Blend December 13, 2024 Brandon Ivey Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.Read More
Banks Add to First-Lien Holdings in Third Quarter December 12, 2024 James Dohnert Holdings increased by 1.5% on an annual basis as of the end of September.Read More