Fitch said it was able to gain comfort with less than a 100 percent sample size due to its on-site operational assessment of Flagstar’s procedures and controls…
The idea is to offer “a space where businesses can test innovative products and processes without risk of regulatory consequences,” according to the Mortgage Bankers Association…
Moody’s noted that if the provision becomes law, small banks won’t have to meet certain documentation requirements included in the CFPB’s ability-to-repay rule…