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July 23, 2014

CFPB Proposes Adding Unvetted Customer Narratives to Complaint Database

By Thomas Ressler

Mortgage industry representatives are quite leery about the CFPB proposal. The comment period ends August 22.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results