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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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CFPB Wants to Delay Mandatory Compliance Date for General QM Rule

March 4, 2021

Under standards established during the last days of the Trump White House, the patch was set to expire for loans with applications of July 1, 2021 and beyond.


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CFPB Nominee: Agency Will Not Dictate Housing Finance Policy

March 3, 2021
Lisa Burden

Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...


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For the First Time in Five Weeks, Forbearance Tally Rises; CFPB Issues Warning…

March 2, 2021
Paul Muolo

Meanwhile, the CFPB issued a report that warns of widespread evictions and foreclosures once “federal, state, and local pandemic protections come to an end, absent additional public and private action.”


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GSEs' 2020 Affordable Housing Allocation Tops $1 Billion

March 2, 2021
Dennis Hollier

Treasury, which administers the capital magnet fund, uses the money to provide competitive grants to community development financial institutions and nonprofit housing organizations.


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PMIs Losing Sleep Over a Possible MIP Cut? Doesn’t Look That Way

February 28, 2021
Maria Volkova

Claudia Merkle, CEO of National MI, said FHA and MI businesses operate on different points of the risk spectrum and, therefore, a cut in MIP will not result in massive ramifications for the MI industry.


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