Author name: Ricky Vasquez

Newrez has agreed to settle a pay-to-pay case with a consumer who was moving to certify a proposed class of at least thousands of aggrieved individuals.  Processing Content Borrower Eugenio Alvarez sued the company in 2024, accusing its servicing subsidiary Specialized Loan Servicing of up-charging borrowers with $7.50 fees to process mortgage payments via telephone. […]

Key takeaway: JPMorganChase and Bank of America objected to the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge, arguing the change could distort how regulators measure a bank’s reliance on short-term wholesale funding.  Expert quote: “The removal of the [short-term wholesale funding] denominator causes the

Key insight: President Trump’s decision to cancel a signing ceremony for a bipartisan housing bill earlier this week has likely delayed the bill’s enactment rather than stopped it entirely. What’s at stake: The housing bill is widely seen as an effort by congressional Republicans to show voters tangible progress on affordability, which is shaping up