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Home » Topics » IMFnews » Regulatory

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Agencies Review QRM. Conclusion: Carry On

December 15, 2021
Brandon Ivey
Federal regulators started their review of risk-retention standards for residential MBS in December 2019. The review ended with no action this week.
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Slow but Steady Growth for the Subservicing Sector

December 14, 2021
Paul Muolo
The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...
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Garg Out (for Now) as CEO of Better.com; Review Under Way

December 10, 2021
Paul Muolo
A public company, Aurora, meanwhile, filed no notice with the SEC on Garg’s departure.
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How Best to Win at Lobbying? Follow the Themes...

December 10, 2021
Brandon Ivey
How best to influence policymakers? Follow the themes, but don't forget the checkbook too...
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Not a Very Good Report Card on the Industry

December 9, 2021
Sam Manas
The bureau found instances of racial, gender-based and religious discrimination. They also found servicers were overcharging consumers in various areas, not evaluating loss mitigation applications properly and not terminating EFTs to closed accounts.
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Subservicing Continues to March Forward, Slowly

December 9, 2021
Paul Muolo
The explosive growth enjoyed by subservicing vendors in past years is beginning to ebb, but the train is moving forward nonetheless. Meanwhile, all eyes are on market leader Cenlar. (Includes data chart.)
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Servicers Urge Ginnie to Lift RPL Pooling Restrictions

December 8, 2021
Monica Hogan
In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...
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NMLS Renewals for LOs Slowed by System Errors

December 7, 2021
Sam Manas
MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.
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FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership

December 6, 2021
Monica Hogan
Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...
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FHA Catalyst Default Monitoring System Delayed

December 6, 2021
Monica Hogan
The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.
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