CFPB Issues Proposed Rule on Servicing Standards July 11, 2024 Shannon Clark The proposal has some positives and some negatives for servicers.Read More
GSE Conforming Jumbo Volume Spikes in Second Quarter July 11, 2024 James Dohnert Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.Read More
The Appraisal Foundation Reaches Settlement With HUD July 11, 2024 Brandon Ivey The Appraisal Foundation’s Appraiser Qualification Board sets appraiser qualification criteria and there were concerns that the criteria prompted a disparate racial impact on entry into the appraiser profession.Read More
FHA Revises Proposal on Servicing Defect Taxonomy July 11, 2024 Brandon Ivey The proposal includes six defect areas through the servicing life cycle and remedies for each defect area.Read More
Short Takes: Treasury Hosts Title Insurance Meeting / HELOC Securitization From Figure / Inflation Declines / Foreclosure Activity Slows July 11, 2024 Brandon Ivey The meeting will help the Treasury’s Federal Insurance Office as it considers policy options on title insurance.Read More
Federal Regulators Moving Toward Re-Proposal on Bank Capital July 10, 2024 Brandon Ivey The Mortgage Bankers Association applauded the Fed chair's comments revealing the plan.Read More
Fitch Sees Warning Signs in FoA’s Debt Move July 10, 2024 Brandon Ivey The downgrade was tied to a debt exchange offer the reverse-mortgage lender announced in late June.Read More
FHA Expands 203(k) Rehabilitation Program July 10, 2024 Brandon Ivey The 203(k) program provides financing for rehabilitation of single-family homes.Read More
Investor Borrowers Pose Some Challenges for Servicers July 10, 2024 James Dohnert Investors act differently than owner-occupants in terms of servicing-related decisions.Read More
Short Takes: Refi Applications Fade / Lenders Concerned About Talent Management / Tandem DPA Offering / Lending in Guam July 10, 2024 Brandon Ivey Applications for refinances declined for the fourth consecutive week.Read More