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Late Payments Decline but Serious Delinquencies are Elevated

February 15, 2022
Brandon Ivey
Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...
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A Stellar Year and Quarter for Fannie Mae, Net Worth Climbs to $47.4 Billion

February 15, 2022
Paul Muolo and Dennis Hollier
Fannie's net worth keeps climbing but its new CFO notes the MBS guarantor is "significantly" undercapitalized...
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Trade Group Wants Clarity on Nonbank Supervision

February 15, 2022
Sam Manas
Among other requests, the trade group wants the bureau to exempt smaller nonbanks from exams or audits...
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CHLA Calls for Clarity on Supervision of Nonbanks

February 14, 2022
Sam Manas
Smaller nonbanks don’t have the economies of scale to monitor how the CFPB might deviate from state interpretations of federal consumer mortgage rules and regulations, the Community Home Lenders Association said in a letter to the CFPB.
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HMDA RFI Prompts Strong Opinions on Data Collection

February 14, 2022
Sam Manas
Trade associations said HMDA disclosure requirements impose a substantial financial burden on their members, while advocates pressed for more data to be collected and published.
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Ruling in CFPB’s Favor Raises Concerns for ABS

February 14, 2022
Sam Manas
A ruling that securitization issuers can face enforcement for the actions of their servicers has prompted concerns among industry participants.
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Proposed Appraisal Practices Fail to Address Discrimination

February 14, 2022
Sam Manas
Senior staff from across federal agencies, including the CFPB, have criticized the Appraisal Foundation's proposed changes to professional appraisal practices for not adequately addressing discrimination in the appraisal process.
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Depository Lenders Lead in Publishing DEI Information

February 14, 2022
Sam Manas
Of the 104 mortgage companies included in the study, only six provided “high information” on their diversity and inclusion efforts.
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FDIC Details Priorities Under Acting Chair Gruenberg

February 14, 2022
Sam Manas
The list includes updating the Community Reinvestment Act, reviewing bank merger rules, implementing Basel III standards and expanding engagement on crypto- and climate-related risks.
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Criminal Justice System Needlessly Adds to Financial Burden

February 14, 2022
Sam Manas
In a new report, the CFPB describes how private companies undermine the ability for individuals to successfully transition from incarceration.
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