An appeals court in Minnesota upheld a practice in the commercial MBS market allowing for the creation of litigation reserve accounts. Junior investors in a 2007 issuance from Wachovia challenged the practice.

Banking regulators appear to be taking criticism of their capital requirements proposal to heart. The impact the proposal would have on the mortgage market remains a major issue.

NYCB took an unexpected loss in the fourth quarter tied to commercial loans and its multifamily business. The bank was then downgraded by Moody’s.

Refis accounted for 15.0% of Ginnie issuance in January compared with a 14.7% share the previous month.

The loss largely looks to be tied to losses on derivatives, which amounted to $2.30 billion in the fourth quarter.

Legislation to limit trigger leads was introduced in the House with bipartisan support.

NYCB recently took unexpected losses on its commercial lending and passed an asset threshold that prompts increased scrutiny by federal regulators.

NewRez said AI can analyze customer data and preferences to recommend suitable products.

The DOJ alleged that First National Bank of Pennsylvania continued a practice seen at Yadkin Bank of focusing mortgage lending disproportionately on white areas of Charlotte and Winston-Salem.

The National Community Reinvestment Coalition accused banks of hypocrisy for filing a lawsuit against new standards under the Community Reinvestment Act.