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Former CFPB Deputy Seeks a Rollback of 2015 RESPA Bulletin

August 17, 2020
Yemeng Yang
Brian Johnson, who was deputy director of the CFPB until recently, has called on the agency to rescind a 2015 bulletin that essentially killed marketing services agreements.
Read More

Industry Against Halting of Negative Credit Reporting

August 17, 2020
Yemeng Yang
While Republicans and Democrats continue to bicker over a second COVID relief package, industry groups warned that further halting of negative credit reporting may be disruptive to the market.
Read More

Agencies Ask Servicers to Provide More Loan Accommodations

August 17, 2020
Yemeng Yang
As many COVID-19-related loan forbearance plans near their end, financial regulators are asking mortgage servicers to provide additional relief.
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Prioritized Assessments Less Focused on Fault Finding

August 17, 2020
Yemeng Yang
The purpose of the CFPB’s prioritized assessments is not to find violations, but to assess risks and to have a supervisory dialogue with the institution, according to bureau officials.
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Other News in Brief

August 17, 2020
Yemeng Yang
California’s plan to create a state-level CFPB back on the table; NCLC calls for prohibition of collection of all time-barred debts; Mr. Cooper nears settlement with the CFPB.
Read More

July Brings An All-Time Record for GSE MBS Issuance

August 17, 2020
John Bancroft

Foreign Buying of U.S. Real Estate Down for Second Straight Year

August 14, 2020
Maria Volkova
Chinese buyers led the decline in foreign purchases of U.S. residential properties for the year ending March 31, according to NAR.
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Pandemic Hinders Growth in Home Equity Lending

August 14, 2020
Yemeng Yang
Despite holding sizable equity, homeowners are reluctant to tap it due to concerns tied to the pandemic, according to the MBA.
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Industry Relying on Vendors to Process Relief Requests

August 14, 2020
Maria Volkova
With regulations constantly changing and a new relief package in the offing, lenders are increasingly falling back on workflow automation vendors.
Read More

TTAB Says Guaranteed Rate Cannot Trademark its Name

August 14, 2020
Maria Volkova
The Trademark Trial and Appeal Board ruled that “Guaranteed Rate” is “incapable of functioning” as a standalone mark.
Read More
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