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Home » Topics » IMFnews » Regulatory

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A New Low for Mortgage Complaints Filed with the CFPB

April 24, 2019
Yemeng Yang

Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo

April 24, 2019
Paul Muolo

Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...


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CFPB to Provide Targeted CIDs in the Future

April 23, 2019
Yemeng Yang

The CFPB is updating policies regarding civil investigative demands to ensure the government is providing more information about potentially wrongful conduct under investigation.


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OIG: FHFA Understated Cost to Develop UMBS Platform

April 23, 2019
Dennis Hollier

As early as October 2016, the FHFA was aware the project was "off track" and additional costs were likely, the IG said...


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They’re Catching On Once Again: Marketing Services Agreements (Thanks to the CFPB)

April 23, 2019
Yemeng Yang

Over the past 18 months, Meyer said MLinc has seen more than half of its 500-plus clients once again become active in the space...


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SEC Scrutinizing Cross Trading of Mortgage Interests

April 19, 2019
George Brooks

The case is notable because it involves the purchase and sale of mortgage loan participations between private investment vehicles.


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CEO Messina’s Comp Plan at Ocwen: $4.5 Million

April 19, 2019
Paul Muolo

The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability...


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Change to FHA Downpayment Assistance Requirements Met with Harsh Criticism

April 19, 2019
Brandon Ivey

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.


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OMB Expands Oversight of FHFA, Other Agencies

April 19, 2019
Dennis Hollier

A new OMB memo requires all federal agencies, even independent ones, to submit proposed rule changes to the White House for approval.


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IG: CFPB Examined Nonbanks Outside Its Jurisdiction

April 18, 2019
Yemeng Yang

The CFPB OIG found that the supervisory team, multiple times, scheduled examinations at institutions it had no authority over.


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