The added cost associated with servicing a mortgage in forbearance gives servicers an incentive “not to follow the mandates of the CARES Act and implementing guidance,” investigators said.

Wade takes the helm of the government’s mortgage insurer at a tumultuous time: FHA production is strong but the COVID-19-related forbearance rate on such loans are beginning to inch up as the employment picture worsens.

Higher mortgage rates in six months? No one sees it...

The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...

The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...

The CFPB says that between 2014 and 2017, Townstone made statements about African Americans and predominantly black neighborhoods that discouraged prospective black applicants...

Democrats and consumer advocates suggest that some servicers aren't following forbearance requirements established by the CARES Act.

In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay...

JPMorgan's Jamie Dimon welcomed the FSOC news, saying during a Q&A session, “We’ve been very consistent that mortgages, believe it or not, are more – far more costly than they should be. Normally, you’d be looking at – if you looked at the 10-year [Treasury] rate which is what, 60 basis points, the mortgage take should be 1.6% or 1.8% instead of 3.3%.”