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Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded

September 12, 2023
Brandon Ivey and Paul Muolo
Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...
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Wide Range in eClosing Adoption Among Lenders

September 6, 2023
James Dohnert
Some of SnapDocs’ clients have embraced eClosings for 70% to 80% of their loans, while others have been slower on the uptake.
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Liability for AVMs Should Lie With Others, Lenders Argue

September 5, 2023
Dennis Hollier
Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.
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Blend’s CEO Granted New Compensation Package

August 29, 2023
Paul Muolo
Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.
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Trade Groups Seek Less Stringent Opt-Out Requirements From FCC

August 25, 2023
Sam Manas
The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.
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Waters Seeks Concessions for FTC Approval of ICE/Black Knight Merger

August 23, 2023
Brandon Ivey
Waters called for various community benefits to be included in FTC approval of the merger, along with antitrust provisions and cooperation between the FTC and Financial Stability Oversight Council on oversight of the combined ICE entity.
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Short Takes: Few Loans in Forbearance / AI Chatbots in Servicing / S&P Downgrades 5 Regional Banks

August 22, 2023
Brandon Ivey
Some 195,000 mortgages were in forbearance as of the end of July, according to the Mortgage Bankers Association.
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Short Takes: PrimeLending Adds LOs / Servicer Using Blockchain / New Construction Share of Home Sales

August 17, 2023
Brandon Ivey
Not all lenders are cutting staff...
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Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm

August 16, 2023
Brandon Ivey
The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.
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Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management?

August 15, 2023
Brandon Ivey
Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...
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