CHLA Presses CFPB to Tackle Abusive Trigger Leads July 9, 2024 Shannon Clark CHLA provided three key priorities for the CFPB to focus on regarding trigger leads.Read More
CFPB Fair Lending Efforts Focus on Pricing, HMDA July 5, 2024 Shannon Clark The CFPB completed 28 fair lending examinations or reviews on banks and nonbanks last year.Read More
Short Takes: Pending Home Sales Decline / Two Rate Cuts This Year? / Fallout From SCOTUS Ruling on SEC / Biden’s Housing Plans June 28, 2024 Brandon Ivey Pending home sales declined by 2.1% on a monthly basis in May.Read More
Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline June 27, 2024 Brandon Ivey New-home sales declined by 11.3% in May.Read More
HUD, White House Unveil PRO Housing Grantees June 26, 2024 Monica Hogan The grants are intended to help increase housing supply for renters and homeowners.Read More
Regulators Set New Standards for the Use of AVMs June 21, 2024 Shannon Clark The rule has been in the works for 14 years.Read More
Short Takes: Delinquencies Down, Prepayments Up / FHFA Seeks Input on FHLBank Affordable Housing Program / CHLA Calls for Mortgage Interest Credit / HELOCs From CMG in New MBS June 21, 2024 Brandon Ivey The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.Read More
CFPB Issues Permanent Ban to Reverse-Mortgage Servicers June 20, 2024 Brandon Ivey Sutherland and NOVAD formed a servicing operation in 2014 to service HECMs on behalf of HUD.Read More
Trade Groups Seek Fix for Property Insurance ‘Crisis’ in CA June 20, 2024 Brandon Ivey The groups noted that the availability of property insurance in California is declining and prices are rising.Read More
Short Takes: CFPB Proposes Fine for Freedom’s HMDA Issues / Home Price Appreciation Slowing / New Expanded-Credit MBS June 20, 2024 Brandon Ivey The CFPB issued a proposed order that would require Freedom Mortgage to pay a $3.95 million penalty for submitting “error-riddled” data under HMDA.Read More