Contracts, Invoices & Legal

Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations. View the full article

The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board. View the full article

The move formalizes acting leadership roles both have had in different segments of the government-backed mortgage market serving many first-time homebuyers. View the full article

Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members of the Senate Banking Committee wrote in a letter Friday to Republican Chairman Tim Scott. View the full article

Leading Democrats on the Senate Banking Committee sent a letter to Chair Tim Scott, R-S.C., pointing out the as-yet unsatisfied legal requirement for prudential regulators to appear in Congress semiannually. View the full article

Senate Banking Committee Chairman Tim Scott said Jonathan McKernan's final confirmation vote to lead the Consumer Financial Protection Bureau is "imminent." View the full article

The GOP side of the Banking Committee, led by Sen. Tim Scott, asks FHFA head Bill Pulte to "aggressively" reduce waste at the government-sponsored enterprises. View the full article

Senate Majority Leader John Thune, R-S.D., moved to consider the housing package next week, but it's not clear what version of the bill senators will be voting on as the House, Senate and White House are still negotiating priorities. View the full article

Besides adding 60 days to the partial claim deadline in some cases, the bill also has provisions for buyer agent payments for Veterans Affairs borrowers. View the full article

Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers. View the full article

Sen. Hassan sent letters to corporate owners of manufactured housing communities, looking for answers on affordability and living conditions for their residents. View the full article

Republican Senator Josh Hawley sent a letter urging the Justice Department to investigate FICO's price increases, which he said have "been borne by borrowers, especially lower-income borrowers." View the full article

Gallego introduced legislation to amend the EB-5 immigrant investor visa program in order to funnel more money into the construction and rehabilitation of homes. View the full article

The NRMLA/Riskspan Reverse Mortgage Market Index set a new high of 502.42, with the dollar amount of home equity for those 62 or over reaching $14.4 trillion. View the full article

Largely strong credit qualities were offset because by loans on single-family homes in the pool dropping by 0.5%, and that the percentage of loans that received due diligence decreased by 0.4%. View the full article

The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize. View the full article

The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE. View the full article

The FHA extended the mandatory implementation date for the waterfall but there are still some things changing on Oct. 1, when the government could shut down. View the full article

The way mortgage firms address distressed military borrowers will become less regimented as the Veterans Affairs Servicing Purchase program gets phased out. View the full article

The sector has specialized data that experts can help with and may mitigate cyclical risk, but costs and customers are considerations, an industry veteran says. View the full article

Bayview Asset Management and three affiliates reached an agreement in a data breach lawsuit for an incident that impacted 5.8 million customers. View the full article

The government-sponsored enterprise is retiring a technology platform used for loan workout reporting and giving mortgage companies a deadline for leaving it. View the full article

The Dow Jones Industrial Average dropped over 2,200 on Friday, the second day of a sell-off due to tariffs, but that could be good for mortgage rates. View the full article

Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets. View the full article

The Structured Finance Association is adding its weight to recent support for a Securities and Exchange Commission action that could modernize Reg AB II. View the full article