MFA will retain at least 5% of the non-agency MBS to meet risk-retention requirements.

The Mortgage Bankers Association has asked state regulators to help modernize remote work standards through legislation and/or regulations.

With the Senate confirming Rohit Chopra as CFPB director, industry participants are preparing for regulatory whiplash after relaxed enforcement and rulemaking during the Trump administration.

There’s no uniformity in how states are handling workplace requirements for mortgage companies during the pandemic. Industry participants are calling for the ability to work from home to be a permanent option.

Rohit Chopra’s confirmation as CFPB director prompted a surge of statements from industry stakeholders. The sentiments include requests for action and compliments.

The bureau answered frequently asked questions about Regulation F, with details on when practices may run afoul of the debt collection rule.

A lawsuit filed by Oakland, CA, in 2015, alleging that discriminatory lending by Wells Fargo eventually prompted a decrease in property tax collections, was ultimately decided in favor of the lender.

Supreme Court won’t hear CFPB case; delay of payday lending rule stymied; CFPB targets top reverse mortgage lender.

Some $32.26 billion of securities backed by non-agency mortgages were issued in the third quarter.

Prime jumbos and loans eligible for sale to the GSEs helped propel the non-agency MBS market to a post-2010 record in the third quarter of 2021. Issuance of expanded-credit MBS lagged. (Includes data chart.)