President Trump this week nominated a little-known White House budget official to run the Consumer Financial Protection Bureau, effectively allowing Mick Mulvaney to stay as the agency’s acting director, possibly until 2020.
Ginnie Mae is working on a process that would allow it to accept digital promissory notes and other digitized loan files, in addition to traditional paper mortgages, as eligible collateral for its securities, according to a white paper the agency issued this week.
Lawsuits brought by cities with allegations of violations of the Fair Housing Act (FHAct) by lenders are continuing after a decision by the U.S. Supreme Court with a mixed message for lenders.
Trade groups representing mortgage servicers asked the Federal Communications Commission to issue interpretations of the Telephone Consumer Protection Act that will help them contact borrowers.