The bureau found instances of racial, gender-based and religious discrimination. They also found servicers were overcharging consumers in various areas, not evaluating loss mitigation applications properly and not terminating EFTs to closed accounts.
The explosive growth enjoyed by subservicing vendors in past years is beginning to ebb, but the train is moving forward nonetheless. Meanwhile, all eyes are on market leader Cenlar. (Includes data chart.)
In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...
The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.