This year has brought with it the implementation of thousands of pages of final rules, but much will be changing and more rules are to come.Now, the heat is on. Not only must you understand the rules, but you also face supervision, enforcement and litigation concerns.
MBA's Legal Issues and Regulatory Compliance Conference remains the preeminent legal and regulatory event exploring all of the key issues facing the mortgage industry. This year's conference will explore the very latest on:
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.