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CFPB’s Proposal to Halt Foreclosures Draws Support from Servicers

May 20, 2021
Lisa Burden
Industry trade groups want the final rule to include clear exceptions to the moratorium provisions, clarify the scope of the streamlined modification exemption and streamline proposed early intervention requirements.
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Senate Overturns OCC’s True Lender Rule

May 20, 2021
Maria Volkova
The so-called rent-a-bank scheme allowed nonbanks to get around state caps on interest rates, according to Democratic lawmakers.
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BofA Lobbyist a Candidate for the Ginnie Job?

May 20, 2021
Paul Muolo
The Washington rumor mill is spitting out names for the FHA and Ginnie Mae jobs. Will any turn into actual nominations?
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GSEs Unveil Underserved Markets Plans for 2022-2024

May 20, 2021
Dennis Hollier
Fannie and Freddie both plan to increase their acquisitions of purchase-money mortgage loans secured by manufactured homes.
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Treasury Starts to Distribute Homeowner Assistance Fund

May 20, 2021
Brandon Ivey
The fund provides grants to help struggling borrowers cover mortgage payments, loan modifications and housing expenses.
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Former MBA Chair Pleads Guilty to Bank Fraud Charges

May 20, 2021
Dennis Hollier
Mortgage industry veteran Ron McCord faces decades in prison after confessing to bank fraud and money laundering charges.
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LO Compensation in 1Q21 Remains Bountiful (For Now)

May 14, 2021
Maria Volkova
Loan officers’ wallets continued to get fatter in the first quarter, thanks to mortgage origination volumes hitting new records. However, industry bean-counters expect that to change once rates start to increase.
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Surprise: Genworth Postpones Mortgage Insurance IPO

May 13, 2021
Paul Muolo and Dennis Hollier
Has market sentiment spread to the MI sector? Genworth Financial scuttles (for now) IPO of mortgage insurance division.
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GOS Margins Slip Across the Board. And Then There’s Guild

May 13, 2021
Paul Muolo
No one really thought the GOS readings of the past year would last, right? Meanwhile, Guild Mortgage rises above the pack.
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Industry Questions Motive Behind Delay in New QM Standards

May 13, 2021
Brandon Ivey
The pandemic makes sense, but it may not be the real reason why the CFPB has delayed the mandatory compliance date for the QM standards drafted during the final days of the Trump administration.
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