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Trade Groups Balk at CFPB’s Nonbank Registry Proposals

April 13, 2023
Sam Manas
The mortgage industry has raised concerns over the cost implications of both the CFPB’s proposed repeat offender registry and its proposed registry of contract terms that nonbanks use to censor customers.
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GSEs Outperformed Goals on Their Equitable Housing Finance Plans

April 13, 2023
Dennis Hollier
Both Fannie and Freddie made significant strides in meeting the objectives laid out in their 2022 equitable housing finance plans, according to progress reports released by the enterprises.
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New Tactics Needed to Close Homeownership Gap

April 13, 2023
Monica Hogan
Lenders should help borrowers buy down interest rates to help close the racial homeownership gap, experts said recently.
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Grapevine: UWM Launches 1% Down Loans; FTC Acts Against ICE

April 13, 2023
Namrata Bhatia
The nation’s second-largest residential mortgage lender based on 2022 originations has revived its conventional 1% downpayment mortgage product; FTC approaches court to stop ICE-Black Knight merger.
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Enact Releases First ESG Report

April 12, 2023
Monica Hogan
Private mortgage insurance provider Enact has released its inaugural environmental, social & governance report.
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FTC Requests Injunction on ICE/Black Knight Tie-Up

April 11, 2023
Sam Manas
The FTC filed a motion for a temporary restraining order and a preliminary injunction to halt the proposed acquisition of Black Knight by Intercontinental Exchange.
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Ginnie MBS Issuance Shrinks More in 1Q23

April 11, 2023
Monica Hogan
Issuance of single-family Ginnie Mae mortgage-backed securities saw significant declines in the first three months of 2023.
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USDA Extends COVID-19 Forbearance Request Deadline

April 11, 2023
Monica Hogan
USDA has announced it’s extending through May 31 the deadline for servicers to approve borrowers’ requests for an initial COVID-19-related mortgage payment forbearance.
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Lenders Frustrated by Wave of GSE Buybacks

April 11, 2023
Paul Muolo
Lenders interviewed by Inside MBS & ABS said they are receiving more buyback requests than before.
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FHA Sets Final Extension for HECM COVID-19 Forbearance

April 10, 2023
Monica Hogan
Details were published in Mortgagee Letter 2023-08.
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