Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22 July 14, 2022 Paul Muolo and Brandon Ivey The fintech was sanctioned by Washington state for licensing and other violations...Read More
California Nonbank Settles FHA Fraud Charges July 13, 2022 Monica Hogan The whistleblower will receive $228,172 of the settlement proceeds...Read More
Former FHFA Director Calabria in Boardland July 11, 2022 Dennis Hollier Evolve must have been a big fan of of Calabria's. In its press statement announcing the hire, it referred to him as an "industry legend." Read More
Coming Government Rule Changes: A Busy FHA July 11, 2022 Monica Hogan Another possible change: A notice of proposed rulemaking is scheduled in April 2023 to address reductions on servicing costs...Read More
Short Takes: Is Help on the Way? (Lending Margins) / Some Evidence / Expectations of Wells / Staff Reductions, Finding Positions / Lower FHA Premiums? July 11, 2022 Paul Muolo Wells Fargo said roughly 35% of the mortgage workers it cut are "moving into other roles" within the bank...Read More
Chamber of Commerce Hopes CFPB 'Sees the Error of Its Ways' July 8, 2022 Sam Manas In an interview with Inside Mortgage Finance this week, the Chamber didn't pull any punches...Read More
GSEs and FHFA Focusing on Fourth-Party Risk July 7, 2022 Dennis Hollier Fourth-party risk? It's an issue for Fannie, Freddie and their regulator...Read More
Former CFPB Attorney Wonders About the Agency’s Posted Agenda July 6, 2022 Sam Manas In a recent blog post, CFPB Director Rohit Chopra said the bureau was reviewing the QM rule...Read More
MBA Sees Progress in Loan Officer Remote Work Legislation July 6, 2022 Sam Manas However, as MBA points out, it can sometimes take longer to get things done in California...Read More
CFPB: State Laws Can Exceed Bounds of FCRA July 5, 2022 Sam Manas States also can enact laws governing whether information related to eviction or rental arrears appear on credit reports.Read More
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