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CFPB Eyes Changes to Consent Order Termination

December 5, 2019
Yemeng Yang

The powerful consumer regulator is working on a plan to identify ways to improve the consent order process. The idea: release so-called "reformed" players from the regulatory burden of CO prison.


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Mortgage Biz Strong but Early-Stage Defaults Rise

December 5, 2019
Brandon Ivey

Delinquencies continued to decline in the third quarter, helped by a strong employment market and economic growth. However, there are some signs that late payments might inch upwards. (Includes data chart.)


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HUD Lists Priorities for 2020, Including DPA, FHAct, More

December 5, 2019
George Brooks

DPA provided by government entities and the disparate-impact standard are among HUD's regulatory priorities for FY 2020, according to the agency's regulatory agenda.


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Lender Accused of Accepting Kickbacks in Postage Stamps

December 5, 2019
Yemeng Yang

RESPA kickback schemes can take many forms. One civil case pending in Maryland centers on postage stamps forwarded by a vendor to an originator.


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The UMBS Up and Running, CSS Quietly Cuts 36 Jobs

December 5, 2019
Dennis Hollier

Although most of the CSS software developers let go were contractors, the company did have a few employees working in development. Now that the platform is finished, those positions are no longer required.


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Mortgage Grapevine: Reading the Origination Tea Leaves

December 5, 2019
Paul Muolo and Yemeng Yang

Profits and originations are starting to show slippage. Then again, it's yearend. Right?


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Non-QM Lenders Expect Market Growth to Rocket

November 27, 2019
Brandon Ivey

The non-QM market has seen strong growth since it started in 2014 though the sector still accounts for less than 5% of total residential originations.


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FHFA Unveils 2020 GSE Loan Limit: $510,400, Up 5.38%

November 27, 2019
Dennis Hollier

It's official: the FHFA on Tuesday released the 2020 conforming loan limit: $510,400, up 5.38% year over year.


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Warehousers at Risk if Nonbanks Get FHLB Access?

November 27, 2019
Paul Muolo

Should nonbank mortgage firms be allowed to join the FHLB system? Hard to say, but if they gain access, the business of warehouse finance could be turned on its head. Or maybe not.


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1st Alliance Closes Amid Regulatory Dispute

November 27, 2019
Yemeng Yang

After a regulatory dispute over state licensing laws in Connecticut, a skeleton crew remains. But the firm is plotting a comeback, potentially in another state next year.


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