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Ginnie ‘Eagle’ Applications at Low Levels

August 3, 2020
Paul Muolo

The lower readings might suggest a lack of interest in FHA/VA lending but that’s hardly the case given the continued strong production numbers…


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Democratic Lawmakers Grill Kraninger Over Pandemic Response

July 31, 2020
Yemeng Yang

Democratic lawmakers called on CFPB Director Kathy Kraninger to resign.


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Industry Does U-Turn on Disparate Impact. Trades Lobby HUD

July 30, 2020
Maria Volkova

Meanwhile, the National Association of Realtors called on the agency to suspend the rule, for now...


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FHFA OIG: No One Overseeing Servicer Compliance with CARES Act

July 29, 2020
Dennis Hollier

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.


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Senate Confirms Trump Nominee Dana Wade as FHA Commissioner

July 29, 2020
Maria Volkova

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.


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Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage

July 24, 2020
Paul Muolo and Dennis Hollier

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


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CFPB Settles With Foreclosure Relief Firm for $3M

July 24, 2020
Yemeng Yang

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


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Dems Worry About OCC’s COVID-19 Preemption

July 23, 2020
Yemeng Yang

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


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The Pandemic Effect: A New Record High in Consumer Complaints

July 21, 2020
Yemeng Yang

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


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Chicago Mortgage Banker Accused of Redlining by the CFPB

July 16, 2020
Yemeng Yang

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


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