Soft landing or mild recession...

Credit unions want reforms for CFPB; CFPB, states take action against firm offering point of sale financing; CFPB warns on college tuition payment plans; updates to NMLS policy guidebook; MISMO offers best practices for servicing transfers.

FHFA is showing that it’s willing to listen to industry feedback as the regulator works to transition the GSEs to new credit scoring processes. This week the agency delayed one aspect of the transition and noted plans to conduct listening sessions.

Freddie is searching for a new CEO as the GSEs mark 15 years in conservatorship. The CEOs of the GSEs also remain subject to limitations on compensation.

Fannie and Freddie adjusted various origination policies. Fannie also has changes for master servicers in the works.

FHFA is accepting applications for membership on the committee, which will include about 20 people and meet twice a year.

Bids on a $2.65 billion pool of reperforming loans are due Oct. 5. Meanwhile, PIMCO was the winning bidder on Fannie’s first RPL sale of the year.

High interest rates push down rate lock activity in August; Guaranteed Rate touts five-minute approvals; startup aims to link homebuyers with assumable mortgages; foreclosures increase; MISMO updates offerings.

The changes apply to various types of agency MBS, including the to-be-announced market, specified pools and collateralized mortgage obligations.

It’s the seventh expanded-credit MBS of the year from the real estate investment trust.