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Home » Authors » Yemeng Yang

Yemeng Yang

news@imfpubs.com
Articles

ARTICLES

NYDFS Investigates Foreclosure Fraud

November 4, 2019
Yemeng Yang
New York’s governor recently directed the New York State Department of Financial Services to investigate instances of alleged mortgage deed fraud in Brooklyn.
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Other News in Brief

November 4, 2019
Yemeng Yang

The CFPB will hold a symposium Wednesday to discuss data collection on small business lending; Supreme Court sets briefing schedule in Seila Law v. CFPB.


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Lawmakers Debate LGBTQ and HMDA Data Collection

November 4, 2019
Yemeng Yang
Rep. Patrick McHenry of North Carolina questioned whether the collection requirements under HMDA contribute to lending discrimination towards the LGBTQ community.
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Study Shows Impact of CFPB High-Cost Mortgage Rule

November 4, 2019
Yemeng Yang
A recent study found that a substantial portion of lenders reduced interest rates to avoid being subject to the CFPB regulation regarding high-cost mortgages.
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Senators Urge CFPB to Investigate Student Loan Servicer

November 4, 2019
Yemeng Yang
Nearly two dozen Democratic senators urged the CFPB to immediately open an enforcement investigation into a servicer’s management of a student loan forgiveness program.
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The CFPB a Paper Tiger on Fair Lending Enforcement?

November 1, 2019
Yemeng Yang

A kinder, gentler CFPB? Looks that way. The agency now typically addresses fair lending violations through the supervisory process by issuing firms letters, such as “matters requiring attention” or “supervisory recommendations,” rather than escalating them to enforcement actions.


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HECM Programs Need an Overhaul

November 1, 2019
Yemeng Yang
Government-insured reverse mortgage programs should offer simple and streamlined products in order to become more attractive to elder borrowers, according to the Brookings Institution.
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FHLBank Earnings Continue Downward Trends

November 1, 2019
Yemeng Yang
The Federal Home Loan Bank System saw an annual 26.9% decline in earnings during the third quarter of 2019. (Includes data chart.)
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Disparate Impact, a Missing Piece in Fair Lending?

November 1, 2019
Yemeng Yang
The CFPB nowadays is less active in addressing fair lending concerns via enforcement actions, particularly in cases relating to disparate impact. The bureau did not initiate or complete a single fair lending enforcement action from October 2018 to March 2019.
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Moody’s Flags Risk of Excess Hotel, Suburban Office Supply

October 31, 2019
Yemeng Yang
The outlook for hotels and suburban offices remains questionable because excess supply is likely driving up default risk in commercial MBS backed by these property types, says Moody’s.
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