CFPB Rolls Out Customized Advice to Financial Firms it Regulates June 19, 2020 Yemeng Yang Under the program, companies can submit specific queries identifying uncertainty in existing rules...Read More
The COVID-19 Forbearance Tally Keeps Falling June 19, 2020 Paul Muolo Forbearance tallies keep falling, which is good news for both servicers and consumers... Read More
Policymakers Demand DACA Mortgage Probe June 18, 2020 Maria Volkova Alterra Mortgage President Miguel Narvaez: “And what happens is that no one wants to take the risk of doing loans that FHA will not insure.”Read More
SFA Chief Bright Sees Fed Expanding TALF to Include Jumbos June 12, 2020 Brandon Ivey SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF... Read More
Lenders Ponder FHA LLPAs. Reason: Forbearance June 11, 2020 Paul Muolo Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.Read More
17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans? June 10, 2020 Paul Muolo The Mortgage Bankers Association has been silent on the issue, until now... Read More
A Robust CA-CFPB Still in the Works, Despite Anticipated Budget Shortfall June 10, 2020 Yemeng Yang California is expecting a massive budget shortfall because of the pandemic, but remains committed to funding a robust state-level CFPB... Read More
Credit Scores Reflecting COVID-19 Relief Raise Concern June 9, 2020 Yemeng Yang According to Francis Creighton, president and CEO of the Consumer Data Industry Association, the adoption of the CARES Act went smoothly, but it’s too early to tell what impact the pandemic will have on consumer credit... Read More
Indicted Mortgage Veteran Ron McCord: 'The Truth Will Prevail' June 9, 2020 Paul Muolo Among the charges: McCord bounced checks to more than sixty taxing authorities and borrowers missed making their real estate tax payments...Read More
Black Knight Elects Former OCC Chief Otting to its Board June 8, 2020 Paul Muolo Otting's appointment is effective July 1. He has not yet been named to serve on any board-centric committees, which carry extra pay. Read More