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CFPB Sends a Message on Deceptive VA Ads. Delaware Firm the Latest to be Accused

September 4, 2020
Maria Volkova

When it comes to the VA mortgage process, the CFPB is trying to send a message on deceptive ads...


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CFPB Observes No Significant Delinquencies During Pandemic

September 3, 2020
Yemeng Yang

However, the CFPB acknowledged its analysis may not represent the full picture because credit reporting is a lagging indicator...


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So Far, Six VA Lenders Fined for Deceptive Ads. More to Come?

September 2, 2020
Yemeng Yang

The CFPB has assessed $1.8 million in fines on six VA lenders for sending deceptive ads...


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Do the GSEs Have ‘Cloud’ Risk? IG Report Raises Questions

September 2, 2020
Dennis Hollier

That leaves the supervision of these cloud contractors up to Fannie and Freddie themselves.


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GSE Refi Fee Could Impact Mortgage Disclosures

September 1, 2020
Yemeng Yang

If the LLPA is passed to consumers as a charge at consummation, lenders will have to disclose the added cost as an “origination charge” on the loan estimate and closing disclosure.


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A California Version of the CFPB Gains Focus

August 31, 2020
Yemeng Yang

A California version of the CFPB? The Golden State boasts the largest mortgage market in the nation...


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GSE Loan Buybacks Actually Fell in 2Q20. However…

August 31, 2020
John Bancroft

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...


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GSEs Not Pleased With FHFA's Re-Proposed Capital Rule

August 31, 2020
Dennis Hollier

Fannie and Freddie warn that g-fees could spike...


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FHFA, HUD Extend Foreclosure Moratorium to Yearend

August 28, 2020
Dennis Hollier

In the case of the GSEs, multifamily loans are not covered by the extension...


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Non-Agency Forbearance: What If You’re the Subservicer?

August 28, 2020
Maria Volkova

Gordon Albrecht of FCI Lender Services, the nation’s largest hard-money subservicer: "We [have been] getting a ton of requests for forbearance, but we’re a subservicer, so we have no authority to do any type of forbearance without the lender’s direction and permission.”


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