Compliance & Regulation

Cash-rich banks are using adjustable-rate mortgages as a hedge: the loans’ longer-term payments will move in tandem with the lenders’ expected increases in borrowing costs as interest rates rise.

Senators warned that using guarantee-fee revenue to offset government spending will complicate Fannie and Freddie reform.

The CFPB estimates litigation expense could be just 10 basis points per loan, or even lower.

NMN also got a wry remark suggesting that big banks could be tapped to help fund the nation’s health care.

The Netherlands is auctioning off mortgage-backed securities it acquired when it bailed out ING Groep NV in 2009.

The funds are intended to support housing, business and infrastructure needs beyond those addressed by other forms of public and private assistance.

Requiring only independent mortgage bankers to meet certain education standards is “patently unfair” for both independent mortgage bankers and consumers, according to Mortgage Bankers Association president David Stevens.

Commercial mortgage-backed securities with balances at or below $10 million dominated transfers to special servicing in 2013 and there is reason to believe the trend will continue, analysts say.

The qualified mortgage rule’s implementation was supposed to give mortgage-backed securities market participants more certainty about collateral value, but remaining questions about government policy keep PLMBS a work in progress.

The Pittsburgh regional bank previously resolved Fannie Mae repurchase demands for an undisclosed sum.