Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.

Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.

The CFPB is in the process of revising its mortgage servicing standards under Regulation X, and expects to float a proposed rule in March.

Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.

Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.

The Financial Stability Oversight Council pointed to systemic issues if nonbank servicers fail.

Finding someone to fill the position of senior vice president for the Office of Enterprise Data and Technology Solutions at Ginnie could be difficult given pay restrictions at the government agency.

The lender argued the RESPA damages should be limited to three times the amount each borrower was overcharged for title and settlement services.

S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.

The sector is shrinking thanks, in part, to the origination downturn and meager gains in mortgage debt outstanding.