S&P's downgrades have numerous implications for Ocwen’s servicing of loans in non-agency mortgage-backed securities.

A ruling late last week by the New York Court of Appeals will likely help provide certainty to non-agency MBS issuers regarding liability from breaches of representations and warranties while limiting claims from investors. The appeals court confirmed a lower court’s ruling in ACE Securities v. DB Structured Products, determining that the statute of limitations for claims of breaches of representations and warranties starts when a deal is closed – not when a potential breach is discovered. “Representations and warranties concern...

The face-saving mechanism in the CFPB's announcement was a claim to the discovery of a legal glitch.

VantageScore suggested that lending to "upsiders" and "minimalists" can be accomplished without increasing default risk.

The FOMC said it will increase rates when it sees further improvement in the labor market and inflation looks to be under control.

Lew said it’s not the right time to talk about ending the GSEs’ conservatorship and paying dividends.

Industry observers noted that FAQs didn’t answer some of the big questions that matter to lenders, such as quality control, student debt and pre-funding review requirements.

Fannie’s repurchase volume fell 45.8 percent from the previous quarter while Freddie’s was down just 1.3 percent.

The lender had $1.69 billion in mortgage originations in 2014, according to estimates by Inside Mortgage Finance.

Some industry participants are concerned that they’ll have to contend with new disclosure-related compliance overlays from secondary market investors.