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Home » Authors » Yemeng Yang

Articles by Yemeng Yang

Two Mortgage Firms Settle CFPB Charges

May 26, 2020
Yemeng Yang
The CFPB resumed its public enforcement activities this month with settlements with Specialized Loan Servicing and Monster Loans.
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Credit Card Issuers Granted Flexibility in Billing Disputes

May 26, 2020
Yemeng Yang
The CFPB recently issued guidance to provide flexibility to credit card issuers in resolving billing disputes with small businesses impacted by the coronavirus pandemic.
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CFPB Issues No-Action Letter Template to Servicers

May 26, 2020
Yemeng Yang
Mortgage servicers can use the template to apply for a no-action letter to cover their use of Brace Software for online loss-mitigation applications.
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CFPB Coordinating COVID Response with Other Agencies

May 26, 2020
Yemeng Yang
The CFPB and the Conference of State Bank Supervisors jointly issued a consumer relief guide detailing borrowers’ rights under the CARES Act.
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Guidelines on ECOA Valuation Rule

May 26, 2020
Yemeng Yang
The bureau recently issued two factsheets addressing transaction coverage and appraisal delivery requirements under the Equal Credit Opportunity Act’s valuation rule.
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Social Bonds Gain Momentum During Pandemic

May 21, 2020
Yemeng Yang
Bank of America issued a $1 billion social bond to combat the economic impact of the coronavirus, the first U.S. commercial bank to do so.
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OCC Finalizes CRA Overhaul

May 21, 2020
Yemeng Yang
The OCC finalized the Community Reinvestment Act regulation only 41 days after the comment period closed in mid-April.
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Short Takes: Pulling the Forbearance Lever but Still Paying / MI Affiliate Cancels CRT Deal / Coming (Very) Soon: GSE Capital Proposal / Surprise: CRA Rule Finalized

May 20, 2020
Yemeng Yang, Paul Muolo, and Brandon Ivey

In case you haven’t noticed, Fannie and Freddie common continue to trade for under $2.00 a share on the OTC...


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Three Mortgage Vendors Offer Senior Notes

May 14, 2020
Yemeng Yang
Zillow Group, Radian Group and First American Financial recently priced senior note offerings to bolster liquidity.
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Co-Working Model Under Test During Pandemic

May 14, 2020
Yemeng Yang
The fight between WeWork and its tenants has cast doubt on the company’s ability to pay rent, which in turn will impact billions of dollars in commercial MBS.
Read More
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