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March 16, 2017

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Agency Servicing Growing, Commercial Banks Continue Pullback

The volume of home mortgages outstanding continued to grow during the final three months of 2016, no thanks to the commercial banking industry. Read More

Affordable Housing Group Says Trump’s Proposed $6.2B HUD Cut Would Devastate Current Efforts

The Trump Administration’s proposed budget for FY2018 includes a $6.2 billion cut to programs falling under the U.S. Department of Housing and Urban Development. Read More

CFPB Sticks Nationstar With $1.75M Fine for Flawed HMDA Reporting

The Consumer Financial Protection Bureau fined Nationstar Mortgage $1.75 million this week for allegedly violating the Home Mortgage Disclosure Act. Read More

PHH Corp. Continues Defense in CFPB RESPA Dispute

PHH Corp. and related parties again made a full defense of their position in their legal struggle with the CFPB over alleged misconduct under the Real Estate Settlement Procedures Act. Read More

Short Takes: Deputy Treasury Secretary Role to Be Filled / Fannie Prices Second CRT of 2017 / Housing Inventory Continues Downward Spiral / FHFA Shows Refi Volume Down in Jan.

Former Goldman Sach executive, James Donovan, is the latest Goldman hire for a senior government position in the Trump Administration. Read More

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