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Nomura Settles Legacy Residential MBS Issue for $35 Million

August 25, 2023
Dennis Hollier
The settlement commits Nomura to full cooperation with federal investigators in “prosecutions arising out of or related to” the case.
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Trade Groups Seek Less Stringent Opt-Out Requirements From FCC

August 25, 2023
Sam Manas
The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.
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Lenders Brace for NMLS Reporting Changes

August 24, 2023
Sam Manas
The MBA warned that given the current market and regulatory pressures in the mortgage industry, the increased cost of compliance may force smaller firms to combine operations or exit the lending business.
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Broeksmit Bashes Bank Capital Requirement Proposal

August 23, 2023
James Dohnert
Mortgage Bankers Association President and CEO Bob Broeksmit said the proposed capital requirements don't address the reasons banks failed earlier this year.
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Waters Seeks Concessions for FTC Approval of ICE/Black Knight Merger

August 23, 2023
Brandon Ivey
Waters called for various community benefits to be included in FTC approval of the merger, along with antitrust provisions and cooperation between the FTC and Financial Stability Oversight Council on oversight of the combined ICE entity.
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Regions Bank Settles Flood Insurance Violations With Fed

August 23, 2023
Sam Manas
Birmingham, AL-based Regions Bank will pay the Federal Reserve $2.95 million for violating the regulation implementing the National Flood Insurance Act.
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Short Takes: Better Ready to Trade / Rates Up, Applications Down / Banks: Delay the CRA Revamp

August 23, 2023
Brandon Ivey
The BETR stock is set to begin trading Thursday...
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CFPB: No Change in Views on LO Comp Practices

August 22, 2023
Sam Manas
In the report published last month, the CFPB highlighted LO comp issues at lenders that brokered products they did not offer in-house.
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Black Lives Matter Protests Linked With Reduction in Lending Disparities

August 22, 2023
Dennis Hollier
Researchers found that the difference between the interest rates charged to Black borrowers and white borrowers narrowed significantly following BLM protests.
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Differing Opinions on GSEs' Current Pricing Scheme

August 21, 2023
Dennis Hollier
In their commentary, NAR and UI focused much of their attention on the stiff capital requirements...
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