CDFI Proposal Could Impact Non-Agency Players January 31, 2023 Brandon Ivey CDFIs, for now, are exempt from the CFPB's ability-to-repay requirements.Read More
CFPB Stresses the Need to Keep Borrowers in Their Homes January 25, 2023 Sam Manas The bureau expects servicers to keep using “all the tools" at their disposal...Read More
CFPB Proposes More Regulatory Hoops for Nonbanks January 20, 2023 Sam Manas Form contracts are used in multiple transactions by nonbanks, a company category that also encompasses servicers and mortgage brokers.Read More
With the Ashes of RMF Smolderiing, Will FHA Act? January 17, 2023 Brandon Ivey RMF controlled a stunning 35% of the HECM MSR market...Read More
City National Bank Agrees to Record $31 Million Redlining Settlement January 13, 2023 Sam Manas City National Bank said it disagreed with the allegations, but settled anyway...Read More
New Empire State Law Limits Timeframe to Complete Foreclosures January 11, 2023 Sam Manas The guardrails are a concern for residential servicers operating in the state...Read More
On the CFPB's Agenda: Nonbank Rulemaking, More... January 10, 2023 Sam Manas The first proposal would require nonbanks to register with the bureau if they become subject to a public enforcement order.Read More
Short Takes: SCOTUS Nixes Takings Appeal / Home Purchase Sentiment Ticks Up Slightly / Judge Tosses AML Countersuit In UWM Case January 10, 2023 Dennis Hollier SCOTUS declines appeal of net worth sweep case, effectively ending GSE shareholders' takings argument.Read More
CFPB Lingo Change Could Make Bank-Statement Loans Tricky January 9, 2023 Sam Manas Change Home Mortgage General Counsel Alan Lindeke said that could be an issue for some lenders...Read More
Congress Closed Out 2022 Approving New FHA Funding, More... January 6, 2023 Brandon Ivey Lenders were particularly happy about the increases in FHA’s budget.Read More
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