Suggestion for FHLBanks: Fund Nonbanks Indirectly April 4, 2023 Dennis Hollier The Federal Home Loan Banks could help support nonbank mortgage companies by funding the warehouse lenders that fund nonbanks.Read More
Short Takes: CFPB Appeals Townstone Case / FDIC to Sell Signature’s Loans / Synthetic LIBOR Planned April 4, 2023 Brandon Ivey NCRC applauded the CFPB's decision to appeal a ruling in a redlining case.Read More
MBA: CFPB Small Business Loan Rule Could Burden Some CRE Lenders April 3, 2023 Sam Manas MBA said the longer implementation timelines are welcome, but has other concerns...Read More
Fair Lending Director Says CFPB Undeterred by Townstone Defeat March 30, 2023 Sam Manas Consumer Financial Protection Bureau Fair Lending Director Patrice Ficklin said the bureau would continue enforcing the Regulation B protections for prospective applicants.Read More
GSEs to Expand Use of Payment Deferrals March 30, 2023 Dennis Hollier The pandemic-era tool will now become a standard part of the GSEs' loss-mitigation strategy.Read More
Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
CFPB Asking Questions About ‘Capital Liquidity Resilience’ of Servicers March 29, 2023 Sam Manas The CFPB is working with the FHFA and state regulators to make sure nonbank servicers are resilient...Read More
On Ginnie’s Wish List: Getting More Banks Involved March 29, 2023 Monica Hogan McCargo also suggested the FHLBs could help bring more stability to the Ginnie system...Read More
MBA Raises Concerns About SEC Proposal on Securitization March 28, 2023 Brandon Ivey The Dodd-Frank Act directed the SEC to write a rule addressing conflicts of interest in securitization.Read More
The HUD Mortgagee Review Board Tally: 65 Shops Sanctioned March 28, 2023 Monica Hogan The largest fine, for $16 million, was levied on Dwight Capital for supposedly charging loan fees in excess of 5%...Read More
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