The first quarter of 2021 still ranks second in total agency MBS production despite a sharp decline in purchase-mortgage volume. Several top sellers boosted agency volume in early 2021. (Includes two data charts.)
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States hope to finalize standards for nonbank servicers despite strong opposition from industry participants. Details are still being ironed out, and implementation remains a concern.
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A number of groups representing lenders and consumer advocates said the CFPB should abandon an effort to extend the QM patch beyond July 1. The regulator also faces hurdles involving the GSEs and federal rulemaking requirements.
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Cowen analyst Jaret Seiberg warned the CFPB could be “setting the stage for an enforcement avalanche” against lenders that foreclose on troubled borrowers.
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