CFPB Fields Renewed Requests on LO Compensation May 12, 2023 Sam Manas The CFPB is reviewing LO comp standards, allowing industry participants to submit feedback.Read More
Some Concerns as FHA Considers Adjustments for Flood Insurance May 9, 2023 Monica Hogan The proposed change could impact about 10,500 properties within 100-year flood plains each year.Read More
Short Takes: Rithm Plans to Spin Off Mortgage Unit / ABA Concerned About Short Sellers / Impac Reduces Earnings Disclosures / Blend Warned of Possible Delisting From NYSE May 5, 2023 Brandon Ivey Rithm owns NewRez, Caliber Home Loans and Shellpoint Mortgage Servicing, among other units.Read More
Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS May 4, 2023 Brandon Ivey Locks for both purchase mortgages and refinances declined.Read More
California Privacy Law Increased Costs for Mortgage Borrowers May 3, 2023 Sam Manas Academic researchers used data from the Home Mortgage Disclosure Act to examine the impact of the implementation of the California Consumer Privacy Act.Read More
CFPB Finds PACE Loans Prompt Increase in Mortgage Delinquencies May 2, 2023 Brandon Ivey The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.Read More
The Battle Over LLPAs Continues, GOP Throws Its Marker Down May 1, 2023 Dennis Hollier Newly introduced legislation, if passed, would rescind FHFA's latest revisions to GSE pricing.Read More
Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes April 27, 2023 Brandon Ivey The CFPB is aiming to prevent foreclosures tied to older second liens.Read More
Federal Regulators Issue Warning on Use of Automated Systems April 26, 2023 Brandon Ivey CFPB Director Rohit Chopra cited the mortgage industry as an area of concern.Read More
Industry Frustrated as New LLPA Structure Nears April 24, 2023 Dennis Hollier Industry stakeholders believe the new upfront fee changes are unworkable and penalize more qualified borrowers.Read More