Loan modifications played a big part in keeping the FHA program the top provider of Ginnie loans.

The Pontiac, MI-based lender is forecasting 4Q originations of $52.0 billion to $60.0 billion and a GOS of 85 to 105 bps.

While FoA is originating many more traditional mortgages than reverse mortgages, much of the lender's profits are coming from reverses...

When asked if he supported the new qualified mortgage rule, Chopra said, “I don’t know"...

In his first testimony to Congress as CFPB director, Rohit Chopra took aim at the agency he inherited, particularly the idea that larger firms get away without proportional punishment compared to smaller ones.

The CFPB’s new director showed an interest in the question of qualified mortgage standards, but gave no indication as to whether the rule would see significant changes in the coming months.

Industry attorneys believe new guidance issued by the CFPB on the debt collection rule that takes effect at the end of the month could end up causing more stress for servicers.

On Feb.1, 2022, more than 32 million student loan borrowers will enter repayment for the first time in nearly two years.

In congressional hearings, CFPB Director Rohit Chopra doubled down on his concerns about “algorithmic redlining,” indicating that lenders can expect more robust enforcement on the practice.

The CFPB reiterated that, as COVID-19-related forbearance protections expire, it will be keeping close watch on servicers’ actions.