The Obama-era task force set up to investigate MBS fraud that contributed to the 2008 crisis has finished its job. Its efforts led the DOJ to collect $36 billion in penalties from banks, originators and rating agencies.

The rating service will assess expected payments from private mortgage insurers, with implications for MI-linked note issuance and potentially non-agency MBS with loans that have private MI.

According to the Supreme Court, damages for violations of the Fair Housing Act can't extend beyond the first step of the improper activity.

Not all lenders are cutting staff...

Early-stage delinquencies increased at large servicers during the second quarter of 2023. Servicers anticipate further declines in loan performance. (Includes data chart.)

The strong economy looks like a mixed blessing for mortgage lenders.

The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.

The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.

Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...

In case you didn't know, thanks to higher interest rates, the Ginnie "early buyout" game is over...