Fair lending in the mortgage servicing context has become an area of regulatory interest especially when dealing with disabled borrowers and those with limited English proficiency, compliance professionals said at the recent American Bankers Association’s regulatory compliance conference in Nashville.

The Federal Housing Finance Agency and mortgage lender groups are raising concerns about the new California data privacy law set to take effect in 2020, saying it doesn’t take into account the impact on mortgage lending.

The U.S. Supreme Court is scheduled to hear a case that will determine whether non-judicial foreclosures are subject to protections provided by the Fair Debt Collection Practices Act. Lower courts have split on the issue, causing problems for servicers and borrowers.

Freddie Mac plans to launch a new servicing transfer tool within the next couple of weeks, part of a broader effort by the government-sponsored enterprises to enhance liquidity in mortgage servicing rights.

The Fed report focused on the origination of FHA mortgages, which are generally more risky than loans eligible for sale to GSEs…

Under the Economic Growth, Regulatory Relief and Consumer Protection Act, banks with less than $10 billion in assets can receive QM treatment for certain loans...

FHA Commissioner Brian Montgomery on risk-sharing with private MI firms: Not an immediate concern…

Roughly 44.6 percent of the loans were underwritten with alternative documentation or bank statements…

But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…

Home Point Financial, Ann Arbor, MI, said it will “transition” some of its East Coast retail branches to Northpointe Bank...