FHA is dedicating resources to servicing oversight and enforcement in the COVID and post-COVID era. In sum, servicers should expect lending monitoring exams to be scheduled in the coming months.

HUD Secretary Marcia Fudge was nominated in December and took her oath in early March, but there has yet to be a peep out of Pennsylvania Avenue regarding the FHA commissioner job and who will lead Ginnie Mae.

At face value, the disparity between the cost of the transactions and the return on investment seems ludicrous...

GSE regulator Sandra Thompson: “FHFA has nothing against big players, but their size means that they don’t have to worry about accessing the capital markets. Small lenders, on the other hand, may be able to leverage local knowledge to best serve their communities.”

At one point, McCord had a deal to sell his mortgage company but the transaction fell apart...

The terms of Fannie’s new RefiNow program are broadly similar to those of Freddie Mac’s new Refi Possible.

Did anyone really think the gain-on-sale margins of 3Q20 and 4Q20 would last forever?

Presumably, the pandemic has fueled the increase in gripes...

At issue: the new QM standards were drafted when the CFPB was under the leadership of Republican Kathleen Kraninger, who was appointed during the Trump administration.

Sens. Warner and Scott: "We urge the bureau to allow the final rule to proceed as intended and commit to a longer-term approach..."