The Lede

Two years after introduction of the Consumer Financial Protection Bureau's Ability-to-Pay rule, major residential mortgage servicers have yet to see any borrower claims, said Fitch Ratings, New York.

MBA NewsLink recently posed questions to Alok Datta, president of ATPR Inc., Dallas. 

Commercial mortgage-backed securities' credit quality as measured by loan-to-value ratios improved during the first three months of this year, reported Moody's Investors Service, New York.

Fannie Mae yesterday said it plans to begin securitizing reperforming loans held on the company's balance sheet later this year.

National Mortgage News, Apr. 19, 2016--Berry, Kate Despite a tough public grilling of the Consumer Financial Protection Bureau last week by two D.C. Circuit judges, several legal experts said a ruling against the agency and its director, Richard Cordray, may have a limited impact.

HousingWire, Apr. 20, 2016--Lane, Ben Despite initial hiccups and headaches, lenders now have this whole TRID thing figured out, as the time to close a loan fell to a 12-month low in March.

Jacksonville News & Daily Record, Apr. 20, 2016--Hawkins, Carole Affordability, not rising interest rates, will be the biggest drag on the housing market in 2016. That's the news Fannie Mae Chief Economist Doug Duncan delivered Tuesday at the Mortgage Bankers Association of Jacksonville's monthly meeting.

National Mortgage News, Apr. 20, 2016--Sinnock, Bonnie New claims related to sellers of legacy mortgage-backed securities from the financial crisis may have peaked, but lawsuits against trustees and servicers may linger for at least a few more years.

Wall Street Journal, Apr. 25, 2016--Borak, Donna Large U.S. banks would have to prove they have enough cash to withstand severe market turmoil lasting as long as a year under a new rule set to be proposed Tuesday.

HousingWire, Apr. 25, 2016--Swanson, Brena Despite lack of guidance from the Consumer Financial Protection Bureau, the Structured Finance Industry Group's due diligence grades provide clarity for investors.

HousingWire, Apr. 25, 2016--Lane, Ben Nationstar Mortgage and Flagstar Bank are among two of the best mortgage servicers in the country, according to Fannie Mae, which recently bestowed both with its highest level of performance recognition.

Appleton Post-Crescent (Wis.), Apr. 25, 2016--Marley, Patrick; Spicuzza, Mary The legislation Walker signed Monday follows a 2015 unanimous state Supreme Court decision upholding a 2012 law that strengthened Milwaukee's hand in dealing with zombie homes. In that case, justices said that when a court declares a foreclosed property to be abandoned, the lender must offer it for sale. Foreclosed properties are auctioned off at sheriff's sales and lenders often buy the properties themselves.

National Mortgage News, Apr. 22, 2016--Passy, Jacob HUD said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.