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CFPB, FHFA to Exchange Servicing Information

April 27, 2020
Yemeng Yang
The CFPB and Federal Housing Finance Agency have agreed to share mortgage servicing data to protect consumers during the pandemic.
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Other News in Brief

April 27, 2020
Yemeng Yang
CFPB advisory committees to meet May 1; borrowers with DTI ratios exceeding 43% barred from California Housing Finance Agency programs; forbearance and foreclosure requirements in Massachusetts.
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Coming Soon: Fannie and Freddie Yanking MSR Portfolios. But at What Cost?

April 27, 2020
Paul Muolo

The GSEs used “repair shop” subservicing vendors during the 2008 financial crisis. It would appear their time has come again.


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FHA Prepping LLPAs on Forbearance Loans?

April 27, 2020
Paul Muolo

“One thing’s for certain: They’re taking on a lot more risk,” said one mortgage insurance official...


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CFPB Outlines Best Practices for COVID-Related MSR Transfers

April 27, 2020
Yemeng Yang

The CFPB will consider "good-faith efforts" by mortgage servicers to prevent consumer harm during a servicing transfer...


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As Funding Tightens, Some Nonbanks Might Opt to Buy a Depository

April 24, 2020
Paul Muolo
Is warehouse credit getting so tight that some nonbanks are considering ei-ther purchasing or becoming affiliated with a federally insured depository? Looks that way.
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States Ponder Reopening; Effects Remain to be Seen

April 24, 2020
Maria Volkova
Even though coronavirus cases are still increasing, some states like Texas and Georgia plan to reopen businesses, hoping that better days are ahead. Mortgage implications?
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Treasury Throws Cold Water on Additional Liquidity Support for MBS Servicers

April 24, 2020
Dennis Hollier

The situation at press time: Mnuchin said that a Fed facility was no longer warranted...


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Nonbank Liquidity Update: Three Issuers Tap Ginnie’s PTAP Funding Facility

April 24, 2020
Paul Muolo

“Wait until you see next month’s PTAP draw,” suggested one official familiar with the program...


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A Safe Bet: CFPB Expected to Extend GSE Patch Amid Pandemic

April 24, 2020
Yemeng Yang

However, the question remains whether the bureau will announce significant changes to the current framework...


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