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Struggling Lenders Turn to Reverse Stock Splits

July 25, 2024
Paul Muolo
Two publicly-traded mortgage companies recently completed reverse stock splits and a third split is in the works.
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Historical VantageScore 4.0 Data to Help With GSE Shift

July 18, 2024
Dennis Hollier
The new data will help lenders determine the impact of the upcoming shift from a tri-merge credit reporting process to a bi-merge model.
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Seventh Circuit Affirms CFPB’s Authority Under ECOA

July 18, 2024
Shannon Clark
The Seventh Circuit Court decision in CFPB v. Townstone Financial could broaden the scope of the Equal Credit Opportunity Act.
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Mixed Trends in Lending at Big Banks in Second Quarter

July 18, 2024
Brandon Ivey
Big banks increased their mortgage originations in the second quarter. But halfway through the year, volume is down at many of the banks.
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Banking Groups Against Any Changes to FHLB Mission

July 18, 2024
Dennis Hollier
Many mortgage industry trade groups believe changing the mission of the Federal Home Loan Bank system is Congress’ responsibility rather than that of the FHFA.
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Regulators Look to Wrap Up Rulemaking Agendas

July 18, 2024
Shannon Clark
The slowdown is part of a typical trend seen at federal regulators prior to a presidential election.
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HUD Charges Rocket With Appraisal Bias, Settles With TAF

July 18, 2024
Monica Hogan
The Department of Housing and Urban Development charged Rocket Mortgage with appraisal bias in connection with a denied refinance application. loanDepot settled a similar charge with the CFPB this year.
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Fannie Mae Survey Reveals Mortgage Misconceptions

July 18, 2024
James Dohnert
A new Fannie Mae study finds that consumers think mortgage underwriting requirements are more stringent than they truly are.
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Grapevine: Treasury Title Insurance Meeting; Multifamily Issues

July 18, 2024
Brandon Ivey
Treasury office considers reforms for title insurance; FHFA sets tenant protections for GSE multifamily borrowers; Biden administration calls for rent control; two states slow on index change.
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CFPB Proposes Rule to Adjust Servicing Standards

July 11, 2024
Shannon Clark
The rule would require mortgage servicers to only pursue foreclosure as a last resort and increase disclosure requirements. Loss-mitigation application requirements would also be streamlined.
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