Income from Originations, Servicing Drops in Fourth Quarter April 4, 2023 John Bancroft Both originations and servicing were a lot less profitable in the fourth quarter of 2022.Read More
CFPB Clarifies ‘Abusiveness’ Conduct Standard April 4, 2023 Sam Manas The policy statement provides some details on how the CFPB defines "abusiveness."Read More
Dimon Critical of Mortgage Regulations for Banks April 4, 2023 Brandon Ivey Chase is "hanging on" and hoping for change in the mortgage market, according to Jamie Dimon.Read More
Suggestion for FHLBanks: Fund Nonbanks Indirectly April 4, 2023 Dennis Hollier The Federal Home Loan Banks could help support nonbank mortgage companies by funding the warehouse lenders that fund nonbanks.Read More
Short Takes: CFPB Appeals Townstone Case / FDIC to Sell Signature’s Loans / Synthetic LIBOR Planned April 4, 2023 Brandon Ivey NCRC applauded the CFPB's decision to appeal a ruling in a redlining case.Read More
MBA: CFPB Small Business Loan Rule Could Burden Some CRE Lenders April 3, 2023 Sam Manas MBA said the longer implementation timelines are welcome, but has other concerns...Read More
Fair Lending Director Says CFPB Undeterred by Townstone Defeat March 30, 2023 Sam Manas Consumer Financial Protection Bureau Fair Lending Director Patrice Ficklin said the bureau would continue enforcing the Regulation B protections for prospective applicants.Read More
GSEs to Expand Use of Payment Deferrals March 30, 2023 Dennis Hollier The pandemic-era tool will now become a standard part of the GSEs' loss-mitigation strategy.Read More
Retail Channel’s Share of FHA/VA Lending Drops in 2022 March 30, 2023 Monica Hogan The retail channel's share of FHA/VA lending declined from nearly 50% in 2021 to 36.2% in 2022.Read More
First Republic Facing Scrutiny Following Bank Failures March 30, 2023 Brandon Ivey The bank's stock price is down significantly and a deposit infusion from big banks prompted downgrades of First Republic's ratings.Read More