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Home » Authors » Yemeng Yang

Articles by Yemeng Yang

Rising Real Estate Values Boost Home Equity: CoreLogic

September 26, 2019
Yemeng Yang

Rising real estate values translate into more home equity for consumers, but that doesn’t mean they will tap it…


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Rare RMBS Backed by Manufactured-Home Loans

September 26, 2019
Yemeng Yang
FirstKey Mortgage is prepping a rare residential MBS backed entirely by manufactured-home loans.
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CFPB Looking at BofA for Possible Phony Accounts

September 25, 2019
Yemeng Yang

Bank of America claims the CID is unnecessary, redundant and unduly burdensome because the bureau already has the information it is seeking. 


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Short Takes: About That QM Patch… / A Safety and Soundness Issue? / Overpaid Loan Officers? Say It Ain't So, Joe / ACUMA Pulls the Plug on Media Coverage / The CFPB and the Ability to Fire (Its Director)

September 24, 2019
Paul Muolo and Yemeng Yang

Industry consultant Joe Garrett wonders about LO pay on "easy" loans...


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A Lack of Consensus on What to Do With the Expiring ‘Patch’

September 24, 2019
Yemeng Yang

Among the commenters: The National Association of Realtors, which suggested using the DTI ratio as a compensating factor.


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Three Innovation Policies Finalized

September 23, 2019
Yemeng Yang
The bureau has finalized three policies in order to promote innovation in the financial services industry.
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First No-Action Letter Issued Under New Policy

September 23, 2019
Yemeng Yang
The CFPB issued its first no-action letter under a new policy, which promises regulatory relief under RESPA.
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BofA Investigated for Possible Phony Accounts

September 23, 2019
Yemeng Yang
The bureau has denied Bank of America’s petition to set aside a civil investigative demand over possible unauthorized accounts.
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States Take Issue with Debt Collection Proposal

September 23, 2019
Yemeng Yang
A bipartisan coalition of more than two dozen state attorneys general have urged CFPB Director Kathy Kraninger to reconsider the proposed debt collection policy.
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Complaint Database to be Kept Public, But with Some Changes

September 23, 2019
Yemeng Yang
The CFPB will continue to publish all previously disclosed fields in its consumer complaint database, but will find ways to provide the information in a more accurate and fair manner.
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