Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
CFPB Asking Questions About ‘Capital Liquidity Resilience’ of Servicers March 29, 2023 Sam Manas The CFPB is working with the FHFA and state regulators to make sure nonbank servicers are resilient...Read More
On Ginnie’s Wish List: Getting More Banks Involved March 29, 2023 Monica Hogan McCargo also suggested the FHLBs could help bring more stability to the Ginnie system...Read More
MBA Raises Concerns About SEC Proposal on Securitization March 28, 2023 Brandon Ivey The Dodd-Frank Act directed the SEC to write a rule addressing conflicts of interest in securitization.Read More
The HUD Mortgagee Review Board Tally: 65 Shops Sanctioned March 28, 2023 Monica Hogan The largest fine, for $16 million, was levied on Dwight Capital for supposedly charging loan fees in excess of 5%...Read More
No Doubt in Powell's Mind Who Caused SVB's Collapse: Management March 24, 2023 Dennis Hollier When asked if there were other banks that might be in danger of failing, the Fed chair was dismissive.Read More
In New Book, Former FHFA Chief Takes a Few Shots at Nonbanks March 22, 2023 Dennis Hollier Calabria, an economist by training, also shows little sympathy for nonbank mortgage servicers.Read More
An Increasing Problem: ‘Junk’ Fees Levied by Mortgage Servicers March 21, 2023 Sam Manas The bureau said home loan servicers are repeatedly charging borrowers for property inspection visits to known bad addresses.Read More
Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
NMLS Modernization Efforts Continue March 20, 2023 Sam Manas The CSBS believes licensing standardization will increase state system uniformity.Read More
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