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Other News in Brief

October 7, 2019
Yemeng Yang

CFPB Names Illinois Regulator Enforcement Chief

October 7, 2019
Yemeng Yang
Bryan Schneider, who previously led the Illinois Department of Financial and Professional Regulation, has been named associate director of the supervision, enforcement and fair lending division at CFPB.
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Complaints About Credit Reports Surge

October 7, 2019
Yemeng Yang

Consumer complaints filed with the CFPB so far this year have increased due to a surge in gripes about credit reports, according to an analysis by Inside the CFPB.


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HMDA: Denial Rates Vary Among Racial Groups, Lenders

October 7, 2019
Yemeng Yang

Denial rates on mortgage applications in 2018 show mixed trends among loan types, racial groups and lenders, according to an Inside the CFPB analysis.


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Starwood Stocks MBS with Non-Agency Investment Properties

October 7, 2019
Brandon Ivey

All of the loans in the MBS were underwritten using debt-service coverage ratios.


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Blend Shortens Pre-approval for Lender Clients

October 4, 2019
Yemeng Yang
The fintech company rolled out a new product to help simplify the pre-approval process for its lender clients.
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Co-Working Model May Pose Risk to Commercial MBS

October 3, 2019
Yemeng Yang
After WeWork’s failed initial public offering, investors are questioning the risk a co-working model poses to commercial MBS.
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Connecticut Lender, Regulator in Licensing Row

October 3, 2019
Yemeng Yang
A Connecticut lender has accused a state regulator of forcing it out of business by adopting an aggressive interpretation of the LO licensing law.
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Senate Appropriators Ask HUD to Resolve Troubled HECMs

September 27, 2019
George Brooks
Senate Appropriations Committee has asked HUD to ensure transparency and improve the resolution of defaulted and foreclosed HECMs and to better manage the sale of troubled taxpayer assets.
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CFPB Says Its Structure Is Unconstitutional

September 26, 2019
Yemeng Yang
In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.
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