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Home » Authors » Shannon Clark

Articles by Shannon Clark

MBA Proposes Major Changes to RESPA Regulations

October 31, 2024
Shannon Clark
The trade group’s general recommendations focus on changes to marketing services agreements, digital marketing and lead generation.
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MBS, ABS Likely to Withstand Recent Hurricanes

October 24, 2024
Shannon Clark
Residential MBS transactions will likely experience a spike in delinquencies, but performance will return to pre-storm levels within a year, according to Moody’s.
Read More

DOJ Sues Rocket, Appraisal Entities for Discrimination

October 24, 2024
Shannon Clark
A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.
Read More

Servicing Issues Increase in Mortgage Complaints to CFPB

October 24, 2024
Shannon Clark
Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.
Read More

Originations Soar for Mr. Cooper During 3Q

October 23, 2024
Shannon Clark
The mortgage servicer funded over 25,000 new mortgage orignations in the quarter.
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Short Takes: Mortgage Applications Decline / Redfin Reports Home Price Growth / Lenders Favor Simplifying Closing Costs / Downpayments Fall in 3Q

October 23, 2024
Shannon Clark
Mortgage applications decreased compared to a month earlier; home prices saw a steady increase for the third month in a row; many mortgage lenders are for simplifying closing cost descriptions; median annual downpayment amount decreases in the third quarter.
Read More

Mortgage-Related Complaints Tick Up in Third Quarter

October 21, 2024
Shannon Clark
Consumer complaints submitted to the CFPB related to mortgages slightly increased in the third quarter of 2024, with servicing issues in the forefront.
Read More

Chopra Dismisses Suggestion of Political Motivation in its Investigations

October 21, 2024
Shannon Clark
CFPB Director Rohit Chopra said he isn’t too worried about how recent Supreme Court decisions would impact the bureau.
Read More

Fairway Settles CFPB, DOJ Lawsuit Over Redlining

October 21, 2024
Shannon Clark
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
Read More

MISMO Releases Mortgage Compliance Dataset

October 21, 2024
Shannon Clark
The new dataset will help both regulators and mortgage companies, according to MISMO.
Read More
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