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Home » Authors » Shannon Clark

Articles by Shannon Clark

CrossCountry Loses Appeal in Age Discrimination Case

June 9, 2025
Shannon Clark
In June 2022, Shephard, a senior accountant at CCM, was told that the lender was shifting to a new business model.
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Short Takes: A Debt Re-do for Rocket / Condo Prices Get Hit / Fed Launches Annual Nonbank Study / Widening Swap Spreads / CFPB Rule Changes / Covius Buying Title365

June 9, 2025
Paul Muolo and Shannon Clark
A new analyst report on mortgage REIT Dynex Capital notes that mortgage-backed security spreads over swaps are 200 basis points.
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CrossCountry Loses Appeal in Age Discrimination Lawsuit

June 6, 2025
Shannon Clark
A 65-year-old senior accountant at CCM was told that the lender was shifting to a new business model and her job was being eliminated. However, the employee claimed she was fired due to her age.
Read More

ABA Urges OCC to Preserve National Bank Preemption

June 5, 2025
Shannon Clark
The ABA and state regulators have opposing positions regarding federal preemption of state laws. The Trump administration is considering the views amid an effort to reduce regulatory burdens.
Read More

Two Harbors Reserves Nearly $200 Million Following Court Ruling

May 30, 2025
Shannon Clark
The settlement closes five years of ongoing legal matters between the two companies, following Two Harbors' termination of an agreement with Pine River.
Read More

CFPB Revokes Rule Guiding States on CFPA Enforcement

May 30, 2025
Shannon Clark
The recission of the rule isn't likely to have much of an effect on state enforcement, according to industry attorneys.
Read More

Short Takes: Wells Fargo Closes Another Consent Order / MISMO Launches AVM Confidence Score Standard / Pending Home Sales Fall / Millennials Show Increased Homebuying Interest

May 30, 2025
Shannon Clark
Wells Fargo has one remaining 2018 consent order with the Federal Reserve Board.
Read More

SEC Quickly Grants Relief on Conflicts of Interest

May 29, 2025
Shannon Clark
The SEC provides some relief to the ABS market from enforcement under Rule 192.
Read More

State Mortgage Regulators Adjust Following Federal Changes

May 28, 2025
Shannon Clark
With the Trump administration pulling back on regulation, state regulators are looking to fill the void.
Read More

Trump Admin Could Get Some Leeway in CFPB Case

May 27, 2025
Shannon Clark
The court on May 16 heard the government’s appeal against a preliminary injunction that prohibited it from laying off more than 1,400 bureau employees through a reduction in force process.
Read More
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