OCC Applying ‘Heightened Standards’ to Subservicing Giant Cenlar March 30, 2022 Paul Muolo This past fall, the OCC issued a consent order against Cenlar, citing “identified deficiencies” in regard to its subservicing business...Read More
CFPB Applies 'Unfairness' Standard to Lenders, Servicers March 29, 2022 Sam Manas The Bradley law firm said it’s noteworthy how the definition of unfair acts or practices has changed...Read More
Bipartisan Senate Bill Seeks Details on NFIP Pricing March 28, 2022 The Flood Insurance Pricing Transparency Act requires FEMA to disclose all the formulas used to calculate mitigation credits...Read More
CFPB Issues Warnings on Lenders Stifling Consumer Critiques March 24, 2022 Rohit Chopra: “In America, no corporation should be able to silence a customer from posting an honest review online.”Read More
White House Establishes Plan to Root Out Appraisal Discrimination March 23, 2022 Monica Hogan A senior administration official said the task force will continue its work beyond the release of the plan. In other words, more to come...Read More
MBA Holds Firm on FHFA Not Regulating GSE Lenders March 21, 2022 Dennis Hollier The trade group believes Congress envisioned the agency as the regulator of the enterprises, not the marketplace as a whole...Read More
Attorneys: DOJ Self-Referring Redlining Investigations March 17, 2022 Sam Manas A DOJ spokesperson declined to comment on the matter.Read More
Condo Groups Seek Delay of Fannie/Freddie Standards March 16, 2022 Dennis Hollier Industry representatives have described the new Fannie/Freddie requirements as draconian...Read More
CSBS Hopes to Avoid Another LO License Renewal Mess March 16, 2022 Sam Manas The high latency rate was due to the sheer volume of LO license renewals...Read More
Academic Study Finds TRID Prompted Lower Approval Rates March 15, 2022 Sam Manas The researchers analyzed nearly 8 million residential loan applications, both approved and denied...Read More
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