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.Read More
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. Read More
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.Read More
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.Read More
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.Read More
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.Read More
Genworth and Oceanwide Merger Back on Track September 4, 2020 Maria Volkova The Genworth-Oceanwide merger was first struck in 2016. However, it's been delayed several times because of regulatory issues.Read More
FHA, VA Extend Eviction and Foreclosure Moratorium September 4, 2020 Maria Volkova The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.Read More
Industry Concerned About Proposed Changes to DPA August 21, 2020 Maria Volkova The proposal aims to ensure governmental entities that participate in downpayment assistance programs do not benefit financially.Read More
CHLA Calls for Lower Penalties on Servicers for Missed Deadlines August 21, 2020 Maria Volkova Servicers who fail to meet processing timeframes have to forfeit interest for the entire time it takes to resolve a loan in default.Read More
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