If the Senate doesn’t act quickly to extend the National Flood Insurance Program, the Federal Emergency Management Agency’s authority to provide new flood insurance contracts will lapse at the end of the month.

Under the new policy, borrowers must have made at least three consecutive monthly payments post forbearance in order to refinance, down from the standard six-month requirement.

ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July.

Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws.

Consumer advocates have urged the bureau to increase the safe-harbor QM threshold for first liens to a rate spread of 200 basis points.

The decrease stems solely from servicers buying delinquent loans out of Ginnie Mae MBS pools.

Veteran millennials accounted for 46.0% of VA purchase loans and 23.6% of refi loans so far this fiscal year.

Veterans United’s data show refinances among millennial veterans grew by 603% in the first three quarters of fiscal 2020.

HUD issued a 90-day moratorium on foreclosures on FHA-insured homes in the presidentially declared disaster areas ravaged by Hurricane Laura.

The bulk of the increase in USDA lending has been driven by purchase mortgages, though refinances also increased significantly.