A proposal by state regulators to set standards for nonbank servicers was met with harsh criticism from many trade groups and industry analysts. The comment period for the proposal closed at the end of 2020.

The calendar has just turned and already we have a decent-sized M&A deal.

The task force said Congress should authorize the bureau to issue federal licenses to non-depositories that provide lending services. But any proposal to preempt state licensing laws will face significant pushback.

It wasn’t clear if coronavirus forbearance for federally backed mortgages was allowed after the end of 2020. Federal agencies addressed the issue near the end of December, though there’s still uncertainty.

Every now and then the idea of spinning off the FHA into a separate unit is floated. As usual, it’s expected to go nowhere.

To meet FHFA’s new mission-driven purchase volume requirements, Freddie Mac will modify its guarantee-fee discounts for low-, very-low- and moderate-income loans.

Rates are rising and that means an end to the refi boom? Don’t bet on it.

HUD could face challenges in ensuring that complete data is received from servicers regarding loans in forbearance, necessary for the processing of future claims.

According to the U.S. Census Bureau, 19.4% of Black borrowers missed or delayed their September mortgage payment. The University of Southern California’s Understanding America Study put the figure at just 5.9%.

The proposal, if issued, will allow credit unions to purchase MSRs as an investment.