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A Complication Develops on Chopra Heading the CFPB: Control of the FTC

March 18, 2021
Lisa Burden

Earlier this month, the SBC deadlocked on the Chopra CFPB nomination with a 12-12 partisan vote.


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State Regulators Take Notice of the UWM Brouhaha

March 18, 2021

As one mortgage market consultant quipped: “It’s sort of like watching the Hatfields and the McCoys.”


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CFPB Worries that Debt Collectors, Financial Institutions will Nab Stimulus Payments

March 18, 2021
Lisa Burden

Uejio said the CFPB will keep an eye on consumer data to better understand how those receiving relief checks are being affected.


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New York Nonbank Fined for Cybersecurity Breach

March 17, 2021
Lisa Burden

The New York regulator said RMS failed to investigate the breach...


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Beware of Mortgagors Approaching the One-Year Mark on Forbearance Plans?

March 16, 2021
Paul Muolo

Black Knight says that overall, 2.6 million homeowners are in some form of COVID-related forbearance.


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FHFA’s Proposed Liquidity Rule May Require Some Work

March 15, 2021
Dennis Hollier

The FHFA based its 30-day liquidity requirement on the coverage ratio used by bank regulators.


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Surprise: PSPA Limits on Investment Loans Go Into Effect in April

March 12, 2021
Dennis Hollier

But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.


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Being Diluted: GSE Control of the CSS

March 11, 2021
Dennis Hollier

As a result, the four board members appointed by Fannie and Freddie are now outnumbered by the five named by the FHFA.


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A Reminder From the CFPB: ECOA Forbids Bias on the Basis of Sexual Orientation and Gender Identity

March 10, 2021
Lisa Burden

The agency noted the rule is consistent with a decision handed down by the U.S. Supreme Court last summer...


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Bank Repurchases Down in 4Q20, GNMA Buyouts Too

March 10, 2021
John Bancroft

In 4Q20, Chase and Popular returned to more normal levels while repurchases at Wells remained somewhat elevated...


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