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Home » Topics » IMFnews » Regulatory

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Sterling Bank Moving Past Non-QM Troubles

August 2, 2023
James Dohnert
Fraud in a non-QM program nearly toppled Sterling Bank and Trust.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Mortgage Complaints to CFPB Down in Second Quarter

July 25, 2023
Sam Manas
Complaints declined by nearly 30% compared with the first quarter.
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Federal Agencies Placing Emphasis on Housing Equity

July 25, 2023
Monica Hogan
A DOJ official suggests that more redlining cases are coming...
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