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Home » Authors » Shannon Clark

Articles by Shannon Clark

Wells’ Cross-Selling Scandal Impacted Mortgage Business

July 12, 2024
Shannon Clark
The bank experienced an uptick in mortgage-related complaints following the scandal, even though mortgage products weren’t part of the issue, according to a new research paper.
Read More

Appeals Court Revives CFPB’s Lawsuit Against Townstone

July 12, 2024
Shannon Clark
The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.
Read More

Industry Experts Seek to Create Unified Mortgage Data Platform

July 11, 2024
Shannon Clark
The platform could resolve some common industry frustrations involving the analysis of mortgage data.
Read More

CFPB Proposes Rule to Adjust Servicing Standards

July 11, 2024
Shannon Clark
The rule would require mortgage servicers to only pursue foreclosure as a last resort and increase disclosure requirements. Loss-mitigation application requirements would also be streamlined.
Read More

SCOTUS Ruling Takes Some Power From Regulators

July 11, 2024
Shannon Clark
The Supreme Court’s decision, overturning a deference that courts have provided to regulators for 40 years, should be a relief for the mortgage industry, according to an attorney.
Read More

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.
Read More

CFPB Issues Proposed Rule on Servicing Standards

July 11, 2024
Shannon Clark
The proposal has some positives and some negatives for servicers.
Read More

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.
Read More

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.
Read More

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
Shannon Clark, Monica Hogan, and Paul Muolo
Gain-on-sale margins are getting tight once again...
Read More
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