The bureau indicated it could grant “a limited extension of the expiration date only as necessary” to provide for an orderly transition away from the patch.

According to data from state regulators, the largest nonbanks in the mortgage space have approximately four times as much debt as equity.

At Sept. 30, the CFPB employed 1,430 workers, down 5.3% from a year earlier and 14.3% below the 1,668 it employed in 2017.

Then again, the concept remains untested. Letting nonbanks join the FHLB system was an idea recently floated by Federal Housing Finance Agency Director Mark Calabria…

Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...

The TRID rule can be changed but not completely eliminated…

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...

In September, the CFPB changed its position on the issue, agreeing with the plaintiff that its own structure is unconstitutional.

“There will be a significant impact and industry should see a decreased turn time in getting the MLOs approved,” said CSBS Senior Vice President Tim Doyle.

Redwood Trust has closed on a new securitization of single-family rental loans, the first such MBS since its acquisition of SFR lender CoreVest this fall.