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19 01, 2023

GSE-011923

2023-01-19T13:29:46-05:00January 19th, 2023|4- GSE Activity Report|

You Know Where to File That?

We will shortly send clients an in-depth analysis of the CFPB’s latest controversial proposal which would establish a public registry on which supervised nonbanks would file a lot of data on any form contracts they require which includes covered provisions the Bureau thinks unfairly and even dangerously lead consumers to abandon important protections.  These would not directly affect mortgage agency securitization, but the rule but could prove a significant compliance impediment to PLS.

GSE-011923.pdf

5 01, 2023

GSE-010523

2023-01-05T12:37:19-05:00January 5th, 2023|4- GSE Activity Report|

End-Game Standards in the End-Time

As we previously noted, the U.S. banking agencies will finally, finally, finally get around to proposing their version of the Basel IV capital rules more recently dubbed the “end-game” standards.  These will come with new, unique U.S. fillips due to the tough approach to big-bank capital announced by Fed Vice Chairman Barr strongly supported by Acting Comptroller Hsu and FDIC Chairman Gruenberg along with staff at all three agencies who have been doing this a long time and seen more than a financial crisis or two.  This report identifies key mortgage-finance issues with strategic impact along with what’s to become of them in the end-game.

GSE-010522.pdf

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