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Home » Authors » Shannon Clark

Articles by Shannon Clark

United Wholesale Mortgage Prevails in Antitrust Lawsuit

October 3, 2024
Shannon Clark
A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.
Read More

Harris, Trump Housing Plans Depend on Makeup of Congress

October 2, 2024
Shannon Clark
A downpayment assistance program “polls great” but “we are just not going to see” it unless Democrats have a supermajority of the Senate, said David Dworkin, president and CEO of the National Housing Conference.
Read More

CFPB’s Servicing Proposal a Concern in Secondary Market

September 27, 2024
Shannon Clark
The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.
Read More

SFA Warns of Risks to MSR From CFPB’s Loss-Mitigation Proposal

September 26, 2024
Shannon Clark
The Structured Finance Association warned that if servicers incur uncompensated expenses for a lengthy period it would decrease the value of mortgage servicing rights.
Read More

Trade Groups Seek Supreme Court Ruling on CFPB Case

September 26, 2024
Shannon Clark
The trade groups claim the Third Circuit ruling relied on an “artificial” interpretation of CFPA’s definition of a covered person.
Read More

Lenders Assess Housing Policies of Harris and Trump

September 26, 2024
Shannon Clark
The presidential candidates have vastly different priorities when it comes to addressing the nation’s housing policies.
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Mortgage Fraud Stabilizes as Interest Rates Remain High

September 26, 2024
Shannon Clark
Mortgage fraud activity is expected to increase as interest rates come down, according to Sean Sowards, a senior director at Fannie Mae.
Read More

Policymakers Urged to Address Housing Supply

September 24, 2024
Shannon Clark
The affordable housing crisis is linked to a lack of housing supply, MBA panelists said.
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Chopra Idea for ‘Open Banking’ With Mortgages a Tough Sell

September 24, 2024
Shannon Clark
A proposal suggested by Rohit Chopra, director of the CFPB, could be difficult to implement in the mortgage market.
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Mixed Reaction to CFPB’s Mortgage Servicing Proposal

September 23, 2024
Shannon Clark
The Conference of State Bank Supervisors urged the bureau to consult with individual states regarding their loss-mitigation requirements to ensure proposed changes don’t incorrectly preempt state protections.
Read More
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