Cook County Loses Appeal of Lawsuit Against BofA August 17, 2023 Brandon Ivey According to the Supreme Court, damages for violations of the Fair Housing Act can't extend beyond the first step of the improper activity.Read More
Energy Efficiency Proposal a Concern for Lenders, Homebuilders August 17, 2023 Monica Hogan The Departments of Agriculture and Housing and Urban Development recently issued a proposal for new energy standards for new construction.Read More
Mortgage Lenders Support CFPB Proposal on ATR for PACE Loans August 16, 2023 Namrata Bhatia There's disagreement between mortgage lenders and PACE lenders on the need for ATR standards.Read More
Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm August 16, 2023 Brandon Ivey The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.Read More
UBS Settles with DOJ on Pre-2008 Claims August 15, 2023 Brandon Ivey The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.Read More
Concerns About MSRs and Capital Overblown? August 14, 2023 Paul Muolo "None of the 25 banks (that I know of) are remotely close to this cap," said one servicing advisor...Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More
GSEs to Phase Out COVID Servicing Policies August 10, 2023 Dennis Hollier Most pandemic-era flexibilities regarding QRPC, forbearances and loan-modification plans will sunset Nov. 1.Read More
Ginnie Exploring Credit Facilities for Nonbanks August 8, 2023 Monica Hogan Ginnie Mae President Alanna McCargo said nonbank liquidity is the biggest challenge facing the government mortgage system.Read More
Short Takes: Mortgage Fair Housing Complaints Decline / Fewer Cash-Out Offerings / Plenty of Equity August 8, 2023 Brandon Ivey The National Fair Housing Alliance tracks complaints from fair housing organizations and government agencies.Read More
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