In the announcement extending the policy, FHFA Director Mark Calabria offered a defense of the stiff surcharges, saying, “Lenders have a responsibility to ensure that borrowers can make their monthly payment.”

The lower readings might suggest a lack of interest in FHA/VA lending but that’s hardly the case given the continued strong production numbers…

Democratic lawmakers called on CFPB Director Kathy Kraninger to resign.

Meanwhile, the National Association of Realtors called on the agency to suspend the rule, for now...

The added cost associated with servicing a mortgage in forbearance gives servicers an incentive “not to follow the mandates of the CARES Act and implementing guidance,” investigators said.

Wade takes the helm of the government’s mortgage insurer at a tumultuous time: FHA production is strong but the COVID-19-related forbearance rate on such loans are beginning to inch up as the employment picture worsens.

Higher mortgage rates in six months? No one sees it...

The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...

The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...