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Morgan Stanley Settles Legacy Non-Agency MBS Issues with CA Retirement Funds for $150 Million

April 26, 2019
Brandon Ivey

“Morgan Stanley lied about the risk of its products and put profits over teachers and public employees who relied on its advice,” according to California Attorney General Xavier Becerra.


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HUD to Delay Controversial DPA Rule Implementation

April 26, 2019
George Brooks

HUD has agreed to delay its controversial downpayment assistance rule by 90 days in response to a lawsuit brought by a Utah-based tribal housing finance agency. 


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A Step Closer to Transitional Licenses for Residential Loan Officers

April 25, 2019
Yemeng Yang

Typically, loan officers do not need to apply for the transitional licenses separately...


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Trump Tightens Control Over Federal Agencies, Including the FHFA

April 24, 2019
Dennis Hollier

A New Low for Mortgage Complaints Filed with the CFPB

April 24, 2019
Yemeng Yang

Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo

April 24, 2019
Paul Muolo

Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...


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CFPB to Provide Targeted CIDs in the Future

April 23, 2019
Yemeng Yang

The CFPB is updating policies regarding civil investigative demands to ensure the government is providing more information about potentially wrongful conduct under investigation.


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OIG: FHFA Understated Cost to Develop UMBS Platform

April 23, 2019
Dennis Hollier

As early as October 2016, the FHFA was aware the project was "off track" and additional costs were likely, the IG said...


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They’re Catching On Once Again: Marketing Services Agreements (Thanks to the CFPB)

April 23, 2019
Yemeng Yang

Over the past 18 months, Meyer said MLinc has seen more than half of its 500-plus clients once again become active in the space...


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SEC Scrutinizing Cross Trading of Mortgage Interests

April 19, 2019
George Brooks

The case is notable because it involves the purchase and sale of mortgage loan participations between private investment vehicles.


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