Even as the Senate is expected to confirm her as director of the Consumer Financial Protection Bureau either this week or early next week, Kathy Kraninger remains largely a mystery to many CFPB observers.
The government charges, the “apples to apples” comparisons on refis shown to prospective customers by Village Capital’s LOs were flawed and had “inaccurate” results.
Uncertain as to what the Department of Veterans Affairs will propose to curb churning of VA cash-out refinance loans, analysts are recommending that Ginnie Mae temporarily segregate some of the loans in mortgage-backed security pools until the department implements new rules.
The U.S. Supreme Court’s refusal to hear a case relating to interest payments on mortgage escrow accounts and preemption of state laws has created uncertainty for lenders and servicers, according to lawyers for Bank of America, which sought a review of the case by the top court.
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