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Home » Topics » IMFnews » Regulatory

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The Pandemic Effect: A New Record High in Consumer Complaints

July 21, 2020
Yemeng Yang

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


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Chicago Mortgage Banker Accused of Redlining by the CFPB

July 16, 2020
Yemeng Yang

The CFPB says that between 2014 and 2017, Townstone made statements about African Americans and predominantly black neighborhoods that discouraged prospective black applicants...


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Servicers Face Forbearance Criticism from Democrats, Consumer Advocates

July 16, 2020
Brandon Ivey

Democrats and consumer advocates suggest that some servicers aren't following forbearance requirements established by the CARES Act.


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FHA Rulemaking Focuses on Reducing Costs, Modernization

July 15, 2020
Maria Volkova

In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay...


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Feds Will Investigate Secondary Mortgage Market. JPM’s Dimon Says Rates Should be Lower

July 15, 2020

JPMorgan's Jamie Dimon welcomed the FSOC news, saying during a Q&A session, “We’ve been very consistent that mortgages, believe it or not, are more – far more costly than they should be. Normally, you’d be looking at – if you looked at the 10-year [Treasury] rate which is what, 60 basis points, the mortgage take should be 1.6% or 1.8% instead of 3.3%.”

 


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BlackRock Reduces Position in Troubled Ocwen

July 12, 2020
Paul Muolo

In a public filing this spring, Ocwen listed among its risks: “our ability to maintain positive relationships with our large shareholders…”


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Short Takes: SCOTUS and the Conservatorship / FHFA Extends Origination Flexibilities / Freddie Expands Board

July 10, 2020
Dennis Hollier

SCOTUS Agrees to Review Constitutionality of Net Worth Sweep

July 9, 2020
Dennis Hollier

Short Takes: A Good Week for Remote Online Notarization / MISMO Certifies First Two RON Products / FICO’s Resilience Index / CFPB’s New No. 2

July 9, 2020
Yemeng Yang

Remote online notary services have gained momentum during the coronavirus pandemic. This week, DocuSign announced it has acquired Liveoak Technologies...


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OIG Suggests CFPB Expand Nonbank Monitoring

July 9, 2020
Yemeng Yang

In a new report, the CFPB’s Inspector General has recommended the bureau tailor its resources to monitor institutions based on risk and expand monitoring of nonbanks.


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