Yemeng Yang

CFPB to Soon Decide the Fate of its ‘QM Patch’

June 3, 2019

The bureau has turned its attention toward steps needed to address the “GSE patch” along with other changes to its rulemaking activity. But it has not indicated the approach it is considering.

Private Student Loan Rehab Programs Need Clarification

June 3, 2019

Yemeng Yang

The Government Accountability Office recommended that the CFPB clarify which financial institutions can offer rehabilitation programs to private student loan borrowers. But the bureau decided otherwise.

Think Tanks Debate Solution to Expiring QM Patch

June 3, 2019

Yemeng Yang

Discussions over the expiring “QM patch” heated up recently with the American Enterprise Institute accusing the Urban Institute of “bad economics” on its solution to the problem.

CFPB Looking to Standardize Communication Guidelines

June 3, 2019

Yemeng Yang

The mortgage-related provisions in the proposed debt-collection rule mark the latest efforts by the bureau to bridge the difference between the debt collec-tion law and mortgage servicing rules.

House Passes Consumer First Act but Senate Clearance Dim

June 3, 2019

Yemeng Yang

The House of Representatives passed a bill introduced by Maxine Waters, D-CA, to reverse former CFPB acting Director Mick Mulvaney’s efforts to rein in the bureau. But the bill is likely to go nowhere in the Republican-controlled Senate.

Other News in Brief

June 3, 2019

Yemeng Yang

FTHB Market Outperformed the Rest in 1Q

May 31, 2019

Yemeng Yang

The first-time homebuyer market outperformed the rest of the housing market in a fairly weak first quarter, according to a report from Genworth Mortgage Insurance.

The CFPB’s First Mortgage-Related Action Under Kraninger: Specialty Servicer BSI

May 30, 2019

Yemeng Yang

BSI is a speciality servicer that focuses on non-agency loans, but also processes Fannie/Freddie/FHA/VA paper...

CFPB Regulatory To-Do List Includes QM Patch

May 30, 2019

Yemeng Yang

The bureau's latest regulatory agenda includes plans to address the fate of the qualified mortgage "patch," but drops items regarding the use of disparate-impact theory in fair lending laws.

Court Says Owner Trustees Not Liable for RMBS Losses

May 30, 2019

Yemeng Yang

A Third Circuit appeals panel held that owner trustees are not responsible for residential MBS losses, given their limited duty under governing contracts.

Yemeng Yang

ARTICLES

CFPB to Soon Decide the Fate of its ‘QM Patch’

Private Student Loan Rehab Programs Need Clarification

Think Tanks Debate Solution to Expiring QM Patch

CFPB Looking to Standardize Communication Guidelines

House Passes Consumer First Act but Senate Clearance Dim

Other News in Brief

FTHB Market Outperformed the Rest in 1Q

The CFPB’s First Mortgage-Related Action Under Kraninger: Specialty Servicer BSI

CFPB Regulatory To-Do List Includes QM Patch

Court Says Owner Trustees Not Liable for RMBS Losses

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

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Featured Data

FHA Delinquencies Rise to Pandemic Levels

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?