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California Proposes Final Data Privacy Regulation

June 22, 2020
Yemeng Yang
Financial institutions are rushing to iron out any remaining compliance wrinkles before the California Consumer Privacy Act comes into effect on July 1.
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Other News in Brief

June 22, 2020
Yemeng Yang
Mortgages continue to top the list of COVID-19-related complaints; tool to combat elder fraud launched; state regulators form a pandemic steering group; California Assembly Bill 2501 fails to pass.
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Bill Ashmore's Vista Point Preps its First Non-QM MBS

June 22, 2020
Brandon Ivey

The $439.2 million deal was in the works before economic volatility from the coronavirus stalled activity...


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Forbearance Numbers Start to Plateau as Job Market Improves

June 19, 2020
Maria Volkova
The overall forbearance rate is levelling off but loans packaged into non-agency MBS and those held in portfolio showed a relief-request reading of 10.18%, up 15 basis points.
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Redlining Legacy Still Contributes to Inequality

June 19, 2020
Yemeng Yang
Redlining practices of several decades ago continue to have an adverse impact on black families’ homeownership rates and home equity, according to a recent study by Redfin.
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Servicers’ Call Volumes, Abandonment Rates Drop

June 19, 2020
Maria Volkova
Servicers have amped up their hiring and embraced virtual assistance, lowering average hold time to 1.8 minutes.
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The COVID-19 Forbearance Tally Keeps Falling

June 19, 2020
Paul Muolo

Forbearance tallies keep falling, which is good news for both servicers and consumers...


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Colorado Court Says Banks Cannot Pass Interest to Nonbanks

June 18, 2020
Yemeng Yang
The court declined to consider updates on the so-called valid-when-made doctrine. But the ruling is still subject to reconsideration.
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Flow MSR Bids Return but Mostly for GSE Product

June 18, 2020
Paul Muolo
The flow MSR market was all but dead a month ago but a revival of sorts is now underway. But don’t get too excited. Pricing isn’t great for sellers.
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Lawmakers Seek Probe into Rules for DACA Recipients

June 18, 2020
Maria Volkova
HUD Secretary Ben Carson told lawmakers he will cooperate with an inquiry into whether a new policy prevents DACA recipients from receiving federally backed mortgage loans.
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