Sterling Bank Moving Past Non-QM Troubles August 2, 2023 James Dohnert Fraud in a non-QM program nearly toppled Sterling Bank and Trust.Read More
Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge August 2, 2023 Brandon Ivey Applications for purchase mortgages fell to a level last seen in early June.Read More
Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance August 1, 2023 Brandon Ivey ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.Read More
FHA’s Face-to-Face Servicing Requirement Could Be Dropped July 31, 2023 Monica Hogan HUD noted that over the years many lenders have moved away from a model of local origination and servicing offices to more centralized operations.Read More
Short Takes: Cenlar Still Working on OCC Consent Order / ‘Tipping Point’ for Homeowners / New Law Firm July 31, 2023 Brandon Ivey The OCC entered into a consent order with Cenlar in 2021.Read More
Trade Groups Highly Critical of Capital Proposal July 28, 2023 Brandon Ivey The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.Read More
Banking Regulators Seek to Raise Capital Requirements July 27, 2023 Brandon Ivey Capital requirements for mortgages at big banks would vary based on LTV ratio.Read More
CFPB Cites Abusive Practices in Originations, Servicing July 27, 2023 Sam Manas The CFPB noted abusive practices in the mortgage market and many other sectors.Read More
Mortgage Complaints to CFPB Down in Second Quarter July 25, 2023 Sam Manas Complaints declined by nearly 30% compared with the first quarter.Read More
Federal Agencies Placing Emphasis on Housing Equity July 25, 2023 Monica Hogan A DOJ official suggests that more redlining cases are coming...Read More