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Wells Agrees Not to Place Borrowers in Forbearance Unless Requested

November 12, 2020
Brandon Ivey
In order to settle a class-action lawsuit, the nation’s largest servicer said it will provide forbearance only to borrowers who request assistance verbally, in writing or through electronic means.
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Court Dismisses Charges in $500 Million MF Mortgage Fraud Case

November 5, 2020
Dennis Hollier
A federal judge found that the government’s failure to provide evidence in a timely manner violated the defendants’ constitutional right to a speedy trial. But the case was dismissed without prejudice.
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Court Halts HUD’s Final Disparate-Impact Rule

October 29, 2020
Maria Volkova
A last-minute injunction secured by consumer groups on Sunday has halted HUD’s revised disparate-impact rule, which makes it harder to prove discrimination.
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Calabria Could Be in for a Rough Ride if Biden Wins

October 15, 2020
Dennis Hollier
Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.
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Industry Against Proposed Legislation to Hike IRRRL Fees

September 24, 2020
Maria Volkova
The Mortgage Bankers Association and the National Association of Realtors have urged Congress to stop hiking VA loan-guarantee fees to offset the costs of non-housing programs involving veterans.
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Three Amicus Curiae Briefs Filed in Collins v. Mnuchin

September 24, 2020
Dennis Hollier
After a mixed decision in the Fifth Circuit, it’s not clear how the SCOTUS will rule — especially with the death of Justice Ruth Bader Ginsburg last week. Oral arguments are scheduled for Dec. 9.
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CDC’s Eviction Moratorium Already Faces First Lawsuit

September 17, 2020
Dennis Hollier
Less than a week after it went into effect, the Centers for Disease Control and Prevention’s controversial eviction moratorium is facing a legal challenge from a landlord of a small mortgaged property.
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Agencies Authorize Relief for Recent Natural Disasters

September 11, 2020
Maria Volkova
HUD issued a 90-day moratorium on foreclosures on FHA-insured homes in the presidentially declared disaster areas ravaged by Hurricane Laura.
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Multifamily Borrower/Owner Charged with $28M Fraud

August 27, 2020
Dennis Hollier
Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans.
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NYDFS Charges First American over Data Breach

July 30, 2020
Brandon Ivey
In its first cybersecurity-related enforcement action, the New York regulator charged First American Financial with inadvertently disclosing more than 850 million personal title insurance documents.
Read More
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