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CFPB Fines Eighth VA Lender for Deceptive Ads

September 18, 2020
Maria Volkova
ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July.
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HUD Issues Final Rule on Use of Disparate Impact

September 18, 2020
Maria Volkova
Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws.
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Proposed QM Rule Could Increase FHA Market Share

September 18, 2020
Maria Volkova
Consumer advocates have urged the bureau to increase the safe-harbor QM threshold for first liens to a rate spread of 200 basis points.
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Ginnie Mae Mortgages in Forbearance Decline, But …

September 18, 2020
Maria Volkova
The decrease stems solely from servicers buying delinquent loans out of Ginnie Mae MBS pools.
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Millennials Prompting Gains in VA Purchase Market

September 18, 2020
Maria Volkova
Veteran millennials accounted for 46.0% of VA purchase loans and 23.6% of refi loans so far this fiscal year.
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HUD IG Finds Underwriting Issues at 1st Tribal Lending

September 18, 2020
1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders.
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Accelerate, Others Snagged in CFPB's VA Dragnet

September 4, 2020
Maria Volkova

Over the past few months, the CFPB has levied formal charges against seven mortgage firms for false advertising tied to VA loans. A trend? Looks that way.


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(Very) Quiet Signs of Life in Ginnie Servicing Sales

September 4, 2020
Paul Muolo

Selling Ginnie Mae servicing rights has been a difficult task the past few months. Signs of life anywhere? It all depends on your definition of the word life.


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Ginnie Mae Loans In Forbearance Inch Back Up

September 4, 2020
Maria Volkova

The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.


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CBC Letter Voices Concerns About DPA Program

September 4, 2020
Maria Volkova

According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.


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