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Waters Seeks New Federal Agency to Regulate Appraisals

March 30, 2022
Sam Manas
Among other things, the bill would establish a federal database of appraisers and appraisal valuations, while strengthening penalties for discrimination...
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OCC Applying ‘Heightened Standards’ to Subservicing Giant Cenlar

March 30, 2022
Paul Muolo
This past fall, the OCC issued a consent order against Cenlar, citing “identified deficiencies” in regard to its subservicing business...
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Amid Issuance Slowdown, Bayview Offers GSE IPL Deal

March 30, 2022
Brandon Ivey
The mortgages have seasoned for an average of 5.7 months and have a coupon of 3.65%...
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Bump in Servicing Income Not Enough to Offset 4Q Production Drop

March 30, 2022
Brandon Ivey
The writing is on the wall: It's time for mortgage originators to cut costs...
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A Sign of the Times: Executive Pay Adjusted Downward at Guild

March 29, 2022
Paul Muolo
In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.
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16-Year Fannie Mae Veteran Gives Notice

March 29, 2022
Dennis Hollier
Kimberly Johnson joins long list of GSE execs headed to the (real) private sector.
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Third-Party Originations Gain Market Share in 2021

March 29, 2022
Brandon Ivey
In the non-agency jumbo sector, the retail channel’s loss was more pronounced, falling from 87.8% to 78.7% in 2021.
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CFPB Applies 'Unfairness' Standard to Lenders, Servicers

March 29, 2022
Sam Manas
The Bradley law firm said it’s noteworthy how the definition of unfair acts or practices has changed...
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CFPB Applying ‘Unfairness’ Standard in All Markets

March 28, 2022
Sam Manas
The bureau announced changes to examiners’ procedures, saying it will now scrutinize all covered markets for discriminatory practices under the “unfairness” standards.
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CRA Overhaul Likely to Maintain Qualitative Factors

March 28, 2022
Sam Manas
Industry stakeholders have raised concerns that the use of qualitative factors and examiner judgment in evaluation of CRA-related activities can lead to inconsistent interpretations of the law.
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