IMFnews

October 3, 2018

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Nonbanks Gained Market Share in 2Q18

As a result, the nonbank share of new production edged up to 53.9 percent, its highest level since the second quarter of 2017. Read More

Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages

In the New Rez deal, the mortgage have seasoned for more than 13 years, on average… Read More

CMLA Criticizes Brookings Report on Nonbank Mortgage Firms

Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…” Read More

CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief

CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.” Read More

FHFA’s Examiner Program Under Fire for Lack of Results

During a House hearing, Rep. Ann Wagner, R-MO, criticized the FHFA for spending $7.7 million on what she called a “crucial training program which lacks professionalism, among other things…” Read More