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Doug Kantor is general counsel at the National Association of Convenience Stores and is a member at the Merchants Payments Coalition.

Sequoia Mortgage Trust is among the first to include a distributed ledger agent in its reporting processes.

Also: Sen. Warren and Wells Fargo spar, FHFA suspends Trump-era GSE restrictions and more.

At current levels, outstanding forbearance could fall to one-fourth of its high by next month, Black Knight’s data suggests.

Changes proposed this week stand to reverse the effect of the Trump-era rule, which disincentivized Fannie Mae and Freddie Mac from making such deals, according to critics.

Eva Weiss, CPA, CFF, CGMA, CAMS, is a partner with StoneTurn with more than 25 years of experience in forensic investigations and compliance controls and monitoring for both the public and private sectors.

Kristin Bone, CPA, CFE, is a partner at StoneTurn who has more than 20 years of forensic accounting, auditing, compliance and monitoring, and dispute-consulting experience.

The targets set by the rule pitched last month would be reduced from recent performance levels for non-minority low-income census tracts, reducing the incentive for the GSEs to purchase mortgages for families in these areas, writes a former principal economist from the Federal Housing Finance Agency.

The chair of the House Financial Services Committee endorsed acting Federal Housing Finance Agency Director Sandra Thompson as rumors abound that the administration is considering someone else for the job.