Some courts have determined that because non-judicial foreclosures don’t technically obligate borrowers “to pay money,” protections from the FDCPA aren’t available.
Collectively, Fannie Mae and Freddie Mac recorded a modest increase in new single-family business from the first quarter of 2018 to the second, but the bird’s-eye view misses some key details. [Includes three data charts.]
FHA Commissioner Brian Montgomery this week laid out the chief items on his worry list, including high debt-to-income ratios, obsolete technology, and dozens of vacancies caused by a brain-drain at the government’s mortgage insurer.
The table-funding sector may be a shadow of its former self, but the man who founded and heads the nation’s only publicly traded mortgage brokerage firm took home $59.6 million in total compensation last year, according to a new tally from Inside Mortgage Finance. [Includes one data chart.]
The Department of Justice abolished the concept of regulation-by-guidance with last week’s repeal of 24 guidance documents issued by a variety of government agencies, including those that provide information regarding predatory lending, consumer mortgage shopping and discrimination.
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