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Servicing Rights, a Little Less Valuable at Yearend

January 18, 2024
Paul Muolo
Servicing values slipped in the fourth quarter, a victim of lower interest rates from mid-October to yearend. Hedging helped, but weaker escrow values played a role as well.
Read More

HUD Secretary Seeks Support to Boost Housing Supply

January 18, 2024
Monica Hogan
Department of Housing and Urban Development Secretary Marcia Fudge called on Congress to increase housing supply through preservation efforts, financing incentives and other means.
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Fannie Cautions Lenders of Appraiser Identity Theft

January 18, 2024
Dennis Hollier
Fannie Mae has identified a significant number of appraisals conducted by unlicensed appraisers using stolen identities.
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FHFA Improves CRA Assessment of FHLBank Members

January 18, 2024
Dennis Hollier
By automating its biennial review system, the FHLBank regulator has dramatically reduced the number of member institutions that are inadvertently omitted from community support reporting.
Read More

CFPB Supports FDCPA Claim Against Debt Collector

January 16, 2024
Namrata Bhatia
The Fair Debt Collection Practices Act’s prohibition on false, deceptive or misleading representations applies even if such representations are made unintentionally and unknowingly, the CFPB said in an amicus brief filed with the U.S. Court of Appeals.
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CFPB Flags Issues in Student Loan Servicing Practices

January 16, 2024
Namrata Bhatia
The challenges borrowers of student loans face include long hold times on phone calls, delays in application processing and inaccurate billing statements.
Read More

FTC Fines Lead Generator $7M for Tricking Consumers

January 16, 2024
Namrata Bhatia
Response Tree allegedly operated more than 50 websites that used deception and dark patterns to trick consumers into providing personal information that was sold to telemarketers.
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James Lockhart Says It’s Time to End the Conservatorship

January 12, 2024
Dennis Hollier
The former FHFA director says Congress will never act, but that the GSEs should create subsidiaries, then complete an initial public offering to get out of government control.
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Smaller Lenders Wary of FHLB Reform

January 12, 2024
Dennis Hollier
Small depositories warn changes at the FHLBs could increase members’ costs and reduce access to FHLB funding. Worse, these changes could take place without formal rulemaking.
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Critics Call for the Privatization of the FHLBanks

January 12, 2024
Dennis Hollier
Conservatives argue that the government subsidy of the FHLBanks doesn’t support housing and mostly benefits large banks rather than homeowners.
Read More
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