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FHFA Rejects GSEs’ DTS Plans, Wants Revisions

January 18, 2022
Dennis Hollier
Advocacy groups representing these underserved markets sharply criticized the plans, arguing the GSEs actually proposed reduced loan targets...
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FHFA Director-Nominee Thompson: No Administrative End for GSE Conservatorships

January 14, 2022
Dennis Hollier
Sen. Bill Hagerty, R-TN, also got in the mix, pointing out that the Housing and Economic Recovery Act doesn’t envision indefinite conservatorships...
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HUD Needs More Controls Over FHA Refunds, OIG Says

January 14, 2022
Monica Hogan
HUD calculates $384.7 million in refunds was unclaimed as of June 16, 2020.
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States Urge FHA to Ensure Implementation of COVID Relief

January 12, 2022
Monica Hogan
The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...
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Servicers Skittish on Moving Forward with Foreclosures

January 11, 2022
Brandon Ivey
With the CFPB watching closely, mortgage servicers are careful about how they approach foreclosures...
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Industry Nears Third Year of Disruption as Omicron Variant Surges

January 7, 2022
Monica Hogan
Citigroup, a top-30 player in mortgages, has become the first megabank to impose a strict Covid-19 vaccine mandate: Get a shot or you're fired.
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FHFA Rejects GSEs' Duty-to-Serve Plans

January 7, 2022
Dennis Hollier
Housing advocates, spearheaded by the Lincoln Institute of Land Policy, believe the GSEs’ plans actually reduce loan targets for all three areas targeted by DTS.
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GAO Voices Concerns on Appraisal Exemptions

January 6, 2022
Brandon Ivey
When lenders opt for an evaluation rather than an appraisal, they often use AVMs...
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FHFA Hikes LLPAs On Second-Home and High-Balance Loans

January 5, 2022
Dennis Hollier
Industry consultant Mark Goldhaber: "At least it's a step in the right direction."
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CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination

January 5, 2022
Sam Manas
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
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