Government

The implementation of the CFPB's TILA-RESPA Integrated Disclosure rule brought a number of both changes and headaches for originators, but what will be the impact on loan securitizations?

Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country. What does the Government Accountability Office recommend should be done to increase government oversight of nonbank servicers?

Former Fed adviser and economist Andrew Levin said that the Fed’s transparency and accountability are “severely deficient” and recommended some steps for reforming the central bank.

This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.

President Barack Obama and Federal Reserve Chair Yellen met in the Oval Office to discuss the state of the U.S. economy in the midst of slowed growth due to lower consumer spending.

Goldman Sachs finalized a settlement announced earlier this year, stating that it has agreed to settle federal and state investigations probes concerning the sale of toxic residential mortgage-backed securities in the time leading up to the financial crisis.

The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.

The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.

Despite signs of softness in several sectors of the economy reported recently, the housing market should remain on a “solid trajectory” for the rest of 2016, according to New York Fed President and CEO William C. Dudley.

Per the direction of their conservator and regulator, the FHFA, Fannie Mae and Freddie Mac were instructed not to conduct loan-level reviews for technical compliance with TRID when conducting their credit-risk transfer transactions.