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Home » Topics » IMFnews » Regulatory

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New York Nonbank Fined for Cybersecurity Breach

March 17, 2021
Lisa Burden

The New York regulator said RMS failed to investigate the breach...


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Beware of Mortgagors Approaching the One-Year Mark on Forbearance Plans?

March 16, 2021
Paul Muolo

Black Knight says that overall, 2.6 million homeowners are in some form of COVID-related forbearance.


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FHFA’s Proposed Liquidity Rule May Require Some Work

March 15, 2021
Dennis Hollier

The FHFA based its 30-day liquidity requirement on the coverage ratio used by bank regulators.


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Surprise: PSPA Limits on Investment Loans Go Into Effect in April

March 12, 2021
Dennis Hollier

But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.


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Being Diluted: GSE Control of the CSS

March 11, 2021
Dennis Hollier

As a result, the four board members appointed by Fannie and Freddie are now outnumbered by the five named by the FHFA.


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A Reminder From the CFPB: ECOA Forbids Bias on the Basis of Sexual Orientation and Gender Identity

March 10, 2021
Lisa Burden

The agency noted the rule is consistent with a decision handed down by the U.S. Supreme Court last summer...


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Bank Repurchases Down in 4Q20, GNMA Buyouts Too

March 10, 2021
John Bancroft

In 4Q20, Chase and Popular returned to more normal levels while repurchases at Wells remained somewhat elevated...


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Ocwen Grants $700K Severance Deal for Departing Chief Growth Officer

March 10, 2021
Paul Muolo

Ocwen: “The separation and release agreement provides for a release of claims against the company and for Mr. Yanoti to comply with certain non-solicitation and other covenants.”


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FHFA Cranks Up the Hiring Machine

March 8, 2021
Dennis Hollier

According to FHFA’s own performance and accountability reports, the number of employees at the agency grew from 609 in 2019 to 635 in 2020. More tellingly, FHFA has budgeted for an additional 113 employees in 2021.


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Florida Court Grants Ocwen Summary Judgement in CFPB Case

March 5, 2021

However, the court provided an opening for the CFPB to pursue claims raised in the parties’ motion for summary judgment alleging loan servicing misconduct after Feb. 26, 2017...


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