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Bureau Plans to Expand Credit Card Data Collection

August 29, 2022
Sam Manas
The CFPB is seeking feedback on its plan to revamp the process through which it collects information from credit card issuers on their products.
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Appeals Court Sides with Servicer in ‘Arbitrability’ Dispute

August 29, 2022
Sam Manas
An appeals court recently held that if an agreement’s provisions delegate all disputes to an arbitrator, then claims under the Dodd-Frank Act over the agreement’s enforceability should not be considered by that arbitrator.
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CA Bill Requiring Equity Sales of Foreclosed Properties Shelved

August 29, 2022
Sam Manas
The legislation would have allowed for foreclosed property auctions only after trustees carried out an equity sale on the property.
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Fay Servicing Fined $3.2 Million for Lax Foreclosure Protections

August 29, 2022
Sam Manas
The Massachusetts Attorney General’s Office settled with the Chicago-based servicer, levying the penalty mostly through principal forgiveness.
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Time Running out for Impac, Nonbank Receives Warning Letter from the NYSE

August 29, 2022
Paul Muolo
Impac is headed by former investment banker George Mangiaracina...
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Subservicing Growth Faces Headwinds

August 29, 2022
Paul Muolo
At June 30, subservicing vendors handled the monthly processing chores on 31.5% of all residential mortgages...
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Bank ABS Holdings Decline in 2Q, Led by Consumer Assets

August 29, 2022
John Bancroft
The slippage reflected both declines in the market value of ABS as well as a modest trimming of assets.
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FHFA Targets 'Cloud' Storage for Prospective GSE Executives

August 29, 2022
Dennis Hollier
The findings from any criminal background checks would be included too...
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Short Takes: More Bitter Tea Leaves for Home Values / About That 2023 Rate-Cut Scenario… / Student Debt Relief and Home Buying / ICE: Not Done Buying?

August 29, 2022
Paul Muolo
A mixed stew: The Fed, rates and home prices...
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FHLBank Profits, Advances Surge in Second Quarter

August 26, 2022
Dennis Hollier
An increase in member borrowing contributes to a $105 million increase in profits for the FHLB system. (Includes three data charts.)
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