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IG Warns FHA Could be Receiving Inaccurate Data from Servicers

December 29, 2020
Maria Volkova

HUD's IG is in the process of reviewing forbearance data provided by servicers and the relief options they offer borrowers.


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UI Analysts Suggest Federal Oversight of Nonbank Servicers

December 29, 2020
Brandon Ivey

The analysts suggested that the Federal Housing Finance Agency or the Federal Reserve should handle regulation of nonbank servicers.


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FHFA Seeks Input on GSE Appraisal Issues

December 29, 2020
Brandon Ivey

Questions posed by the FHFA include whether the GSEs should use appraisal waivers and how lenders might manipulate automated underwriting systems when seeking an appraisal wavier from the GSEs.


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CFPB Opts for QM Standards for ARMs Opposed by Lenders

December 28, 2020
Brandon Ivey

The CFPB noted that lenders didn't provide relevant data that had been requested by the regulator during the comment period.


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Trump Signs Bill with Stimulus Package and Government Funding

December 28, 2020
Brandon Ivey

The signature averts a shutdown of the federal government and paves the way for stimulus payments while Trump pressures Congress to send even bigger checks.


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Coming Soon: New Mortgage Rules from the CFPB

December 23, 2020
Yemeng Yang

The agency said it will propose revisions to loss mitigation-related provisions under Regulation X...


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Calabria's Latest: 'Living Wills' for Fannie and Freddie

December 22, 2020
Dennis Hollier

Mark Calabria: “Requiring the enterprises to develop living wills helps FHFA fulfill its responsibility to ensure that the failure of an enterprise would harm neither taxpayers nor the mortgage market.”


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Few Mortgage-Related Provisions in Stimulus Bill Passed by Congress

December 22, 2020
Brandon Ivey

Missing in action: assistance to help servicers with MBS advances...


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Short Takes: Nonbanks Face the (GSE) Music on Liquidity Requirements / MBA is Not Happy / Hope? / Citi Goes English-Only / Freddie Official Hired by the CFPB

December 21, 2020

MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…


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CFPB Settles with ‘Successor’ to Seterus Over Loss Mitigation Work

December 18, 2020
Paul Muolo

At one point, the IBM-controlled Seterus did contract servicing work for Fannie Mae...


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