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Home » Topics » IMFnews » Regulatory

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CFPB Sues Fifth Third for Opening Fake Accounts

March 13, 2020
Yemeng Yang

The CFPB sued Fifth Third Bank for opening unauthorized accounts, but the bank is fighting back.


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Coronavirus Mayhem: Can LOs Work From Home?

March 12, 2020
Yemeng Yang

Most state laws require loan originators to conduct mortgage activities at a licensed location...


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GSE ‘Noncore’ Business Actually Increased in 2019

March 11, 2020
Brandon Ivey

It would appear that Calabria, who took charge a little over a year ago, hasn’t made much progress in the matter.


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Self-Governance for the Non-Agency MBS Sector?

March 10, 2020
Brandon Ivey

The big challenge: How, exactly, the non-agency MBS sector might establish self-governance…


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DOJ Investigating Sterling Bank Following Problems with Non-QM Lending

March 9, 2020
Brandon Ivey

Sterling said that in connection with the review, a significant number of employees have either been terminated or resigned, including a senior vice president...


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Mortgage-Related Conferences Canceled Due to Coronavirus Concerns

March 6, 2020
Yemeng Yang

Two mortgage-related conferences scheduled in March were canceled due to concerns over coronavirus spread. 


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A Windfall for GSE Shareholders? Don’t Bet On It

March 5, 2020
Dennis Hollier

Is there any hope for GSE common?


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Short Takes: Biden, Fannie and Freddie / When a Socialist Gets Money to Spend / A 224% Spike in Refis / What Wells is Doing / A Big (but Expected) Promotion at Freddie

March 4, 2020
Dennis Hollier and Paul Muolo

Wells Fargo: “Like everyone, we are seeing an increase in mortgage application volume driven by lower rates. In order to help provide the best possible service to our customers, we continue to hire underwriters, processors and closers..."


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Post Oral Arguments, the CFPB’s Future Hangs in the Balance

March 4, 2020
Yemeng Yang

Justice Kavanaugh stuck mostly to his already-established views: The for-cause removal provision is unconstitutional, and should be severed from the statute. Many of Kavanaugh’s questions centered on the severability of the provision.


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Fannie, Freddie and CECL? Yawn…

March 4, 2020
Dennis Hollier

Many analysts anticipated that the implementation of CECL would balloon the loan loss reserves of the GSEs...


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