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MSR Auctions Expected to Increase After Lull

July 27, 2023
Paul Muolo
Look for Wells Fargo to offer more of its holdings while other shops, bank and nonbank alike, contemplate their futures.
Read More

Investors Turn Focus From Fix-and-Flips to Rentals

July 27, 2023
James Dohnert
Amid a housing supply crunch, investors are finding it more profitable to focus on rental properties instead of fix-and-flip homes.
Read More

UI Calls for FHA, GSEs to Partner on Mortgage Access

July 27, 2023
Monica Hogan
The Urban Institute wants Fannie and Freddie to view FHA as a partner and share their data and underwriting models to assist in FHA’s mission.
Read More

Federal Reserve Launches Instant Payment System

July 27, 2023
Dennis Hollier
Although FedNow might seem an ideal fit for mortgage settlements, it remains to be seen if the industry will embrace this technology.
Read More

Mortgage-Related Complaints Drop Across the Board in 2Q

July 24, 2023
Sam Manas
Consumer complaints to the CFPB related to mortgages were down sharply from the early months of the year, with huge drops in every category, according to a new Inside the CFPB analysis.
Read More

Friend-of-the-Court Briefs Argue Against CFPB

July 24, 2023
Sam Manas
Most of the recent amicus briefs filed in a case challenging the CFPB’s funding structure urged SCOTUS to affirm a Fifth Circuit ruling on the matter.
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Lawyers Grapple With HUD’s Disparate Impact Rule

July 24, 2023
Monica Hogan
Industry participants spoke last week on effective implementation of the Department of Housing and Urban Development’s discriminatory effects rule during a conference of the National Fair Housing Alliance.
Read More

CFPB Fines BofA Over Fake Credit Card Accounts, NSF Fees

July 24, 2023
Sam Manas
The consent orders related to Bank of America’s practice of charging repeat nonsufficient funds fees, denying rewards to credit card consumers and opening unauthorized credit card accounts.
Read More

Attorneys Warn Real Estate Agents of CFPA Prohibitions

July 24, 2023
Sam Manas
Recent CFPB guidance on the prohibition of abusive practices could pose risks to real estate agents engaging in joint ventures with lenders and title companies, according to attorneys at McGuire Woods.
Read More

Furnisher Not on the Hook for Credit Report Interpretation

July 24, 2023
Sam Manas
The Seventh Circuit held that lenders are not liable for how credit reporting agencies interpret information provided on an automated credit dispute verification form.
Read More
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