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Home » Authors » Yemeng Yang

Articles by Yemeng Yang

Lenders Must Review Policies in Light of LGBT SCOTUS Ruling

July 2, 2020
Yemeng Yang
Mortgage firms need to reassess their fair lending programs to check for discrimination based on sexual orientation and gender identity, according to industry attorneys.
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Rep. Waters Not Happy with SCOTUS Decision on the CFPB. However...

July 2, 2020
Yemeng Yang
But Waters acknowledged the ruling would make it easier for Joe Biden, if elected in November, to remove Trump’s CFPB director right away.

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Supreme Court Rules President Can Fire CFPB Director 'Without Cause'

June 29, 2020
Yemeng Yang

“The agency may therefore continue to operate, but its director, in light of our decision, must be removable by the president at will,” according to the majority opinion, written by Chief Justice John Roberts.


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House Democrats Seek to Overturn OCC’s CRA Revamp

June 26, 2020
Yemeng Yang

In order to nullify a rule using the Congressional Review Act, the resolution has to pass both houses of Congress before it goes to the president...


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CLO Credit Quality Expected to Further Deteriorate

June 25, 2020
Yemeng Yang
The credit quality of collateralized loan obligations is expected to further deteriorate in the coming months, even though corporate issuers are stabilizing, according to the rating services.
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Consumer ABS Show Signs of Gradual Recovery

June 25, 2020
Yemeng Yang
The consumer ABS sector is in recovery mode after hitting a rough patch due to the coronavirus pandemic, according to comments made during a recent webinar.
Read More

CFPB Examining Servicers’ Pandemic-Related Activities

June 25, 2020
Yemeng Yang
The CFPB is allocating significant supervisory resources to learn about programs servicers are offering borrowers and policies that have been enacted.
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Pandemic Reaction: MBA Moves Annual Convention Online

June 24, 2020
Yemeng Yang

MBA hopes to return to large in-person conferences next year.


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Short Takes: Mortgage Applications Tumble / Record Fundings in June? / Impac Readies Earnings (Late) / More Non-QM Deals / Caliber Settles with NYS

June 24, 2020
Paul Muolo, Brandon Ivey, and Yemeng Yang

Consumer advocacy groups asked a federal court to force the CFPB to revoke the charter of its task force on consumer financial laws...


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CFPB Offers Relief for Servicers to Provide More Loss-Mitigation Options

June 24, 2020
Yemeng Yang

The interim final rule goes into effect July 1...


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