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Home » Authors » Shannon Clark

Articles by Shannon Clark

Improvements to Loss Mitigation Programs Needed Post-Pandemic

July 11, 2024
Shannon Clark
While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.
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CFPB Issues Proposed Rule on Servicing Standards

July 11, 2024
Shannon Clark
The proposal has some positives and some negatives for servicers.
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CHLA Presses CFPB to Tackle Abusive Trigger Leads

July 9, 2024
Shannon Clark
CHLA provided three key priorities for the CFPB to focus on regarding trigger leads.
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CFPB Fair Lending Efforts Focus on Pricing, HMDA

July 5, 2024
Shannon Clark
The CFPB completed 28 fair lending examinations or reviews on banks and nonbanks last year.
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Short Takes: More Action in the Non-QM Market / Eye on the 10-Year / FHA and Appraisals / The Fair Lending Exam Count / A New Hire for Waterstone

July 3, 2024
Monica Hogan, Shannon Clark, and Paul Muolo
Gain-on-sale margins are getting tight once again...
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SCOTUS Overturns Chevron Doctrine, Putting CFPB Power in the Crosshairs

July 1, 2024
Shannon Clark
Attorney Marty Green said the Supreme Court decision restores equilibrium by no longer requiring courts to place undue weight on a federal agency’s interpretation of laws...
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Freedom Agrees to $4 Million Settlement Over HMDA Case

July 1, 2024
Shannon Clark
The nonbank lender has faced numerous actions from the CFPB since 2019 for alleged intentional misreporting of HMDA data.
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Three Reverse-Mortgage Servicers Banned for Life

July 1, 2024
Shannon Clark
Sutherland Global denies all allegations by the CFPB and said it was not “directly responsible for the reverse mortgage servicing conduct that is subject of the CFPB agreement.”
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CFPB Fair Lending Efforts Focus on Mortgages, Cards

July 1, 2024
Shannon Clark
The bureau completed 28 fair lending examinations or reviews on banks and nonbanks in 2023, among other activities.
Read More

Federal Regulators Issue Final Rule on AVMs

July 1, 2024
Shannon Clark
The final rule is essential in helping to reduce risks of discrimination in automated-valuation models used in the mortgage market, according to CFPB Director Rohit Chopra and Deputy Director Zixta Martinez.
Read More
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