FHFA Amends Enterprise Regulatory Capital Framework for GSEs
The Federal Housing Finance Agency (FHFA) has published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage...
Evolve’s Brooks Systems Acquisition Supports Mortgage Regulation Compliance
Evolve Mortgage Services, a provider of outsourced mortgage solutions and eMortgage technology solutions, has acquired Brooks Systems LLC to expand its technical automation regulatory...
Proposal Focuses on Capital Planning Rule for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) has issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain and submit...
SitusAMC Launches Securent Insurance for MBS, MSR Markets
SitusAMC has debuted Securent, a provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders.
Securent’s loan defect insurance protects...
Ncontracts Acquires the OnSemble Intranet Portal
Ncontracts, a provider of integrated risk management solutions for the financial services industry, has acquired the OnSemble intranet portal from Passageways, Inc.
Terms of the...
MISMO Seeks Participants to Help Standardize Pre-Closing Title Document Datasets
MISMO, the real estate finance industry's standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order...
CFPB to Closely Scrutinize How Mortgage Servicers Handle Borrowers Exiting Forbearance
As the COVID-19 related foreclosure moratoriums wind to a close and mortgage servicers brace for a potential wave of defaults, the Consumer Financial Protection...
Wipro Opus Risk Solutions Hires Kebra Rhedrick as Chief Compliance Counsel
Kebra Rhedrick has joined financial services consulting firm Wipro Opus Risk Solutions as chief compliance counsel.
Rhedrick previously served as in-house counsel for JPMorgan Chase...
CFPB Fines Trustmark National Bank $5 Million For Alleged Redlining in Memphis
Trustmark National Bank, a Jackson, Mississippi-based company founded in 1889, will pay a $5 million penalty to the Consumer Financial Protection Bureau (CFPB) for...
Consumer Financial Protection Bureau Makes Key Senior Leadership Changes
The Consumer Financial Protection Bureau (CFPB) has announced leadership moves for the deputy director, associate director for consumer education and external affairs, chief of...
LBA Ware Hires Compliance Software Expert Lyndal McLaughlin
Lyndal McLaughlin has joined mortgage software firm LBA Ware as a software implementation consultant.
McLaughlin has over 30 years’ experience in the mortgage industry. She...
ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1
The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter...
Knowledge Coop Hires Brian Paine as Director of Technology
Brian Paine has joined Knowledge Coop, which offers compliance training to the mortgage industry, as director of technology.
Paine comes to Knowledge Coop after spending...
FHFA Chooses Phyllis K. Fong as Acting Inspector General
The Federal Housing Finance Agency (FHFA) has named Phyllis K. Fong as its acting inspector general. She will continue to serve as the inspector...
MISMO Explores Market Need and Standards for ESG Initiatives
MISMO, the real estate finance industry's standards organization, is creating a new Community of Practice (CoP) focused on exploring potential standards for Environmental, Social...
Goldman Sachs Completes Consumer-Relief Obligation Stemming from Settlement
Goldman Sachs has successfully completed its $1.8 billion consumer-relief obligation under the 2016 settlement agreements with the U.S. Department of Justice and three states,...
Covius Holdings Hires Tom Coffey as VP of Business Development for Clayton Unit
Tom Coffey has re-joined Covius Holdings Inc., a provider of technology-enabled solutions to the financial services industry, to serve as vice president of business...
Biden Administration Fires FHFA Director Calabria Following SCOTUS Ruling
The White House on Wednesday ousted Mark Calabria as director of the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac,...
Ncontracts Hires Rafael DeLeon, Formerly with OCC, as SVP of Industry Engagement
Office of the Comptroller of the Currency (OCC) veteran Rafael (Ralph) DeLeon has joined Ncontracts, a provider of integrated risk management and lending compliance solutions...
Plaza Home Mortgage Hires Erik Knight as SVP, Risk Management and Compliance
Erik Knight has joined Plaza Home Mortgage, a wholesale and correspondent mortgage lender, as senior vice president, risk management and compliance.
Knight has more than...