In the @CFPB's Fall 2022 report, some mortgage servicers were cited for violations of federal law by charging sizable phone payment fees and for charging consumers fees while they were in CARES Act forbearances. https://t.co/DPP9GGrozR
4:06 PM - 17 Nov 22
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@CFPB has drawn up a policy statement that provides analytical framework to assist federal and state agencies in holding companies accountable when in violation of the law. https://t.co/sR0LjosSiC
The OCC’s latest Mortgage Metrics Report found that mortgage servicers nationwide initiated 9,166 new foreclosures in the fourth quarter of 2022, a decrease from Q3’s totals, but a higher volume than
Attorney T. Robert Finlay of Wright, Finlay & Zak, LLP delves into the state of California’s Homeowner Bill of Rights, and recent instances where protections against dual tracking came into play.
In its mission to deliver service for the life of each loan and beyond, Cornerstone Home Lending has established its mortgage subservicing business to empower smart homeownership and sustainable growt
Julia R. Gordon, Assistant Secretary for Housing and Federal Housing Commissioner of HUD, discusses recent changes such as FHA’s mortgage insurance premium reductions, and how the arc of her career br
@CoreLogicInc reports that the share of home loans in delinquency continues to dip nationwide, down from a high of 7.3% in the spring of 2020, and down by 0.5 percentage points from January 2022. http
A judge in the U.S. District Court for Northern Illinois has granted plaintiffs class certification in an antitrust suit against NAR that challenges home sellers paying the commissions of real estate
@HUDgov's new Proposed Rule would revise regulations governing floodplain management, and the protection of wetlands to implement the Federal Flood Risk Management Standard. https://t.co/iWjFUxq8AA
The @MBAMortgage reports that mortgage app volume rose for the fourth consecutive week, fueled by a continued drop in rates at the outset of the spring buying season. https://t.co/gFt9B0Pu5O
In examining laws in New York, California, Utah, and Virginia, the @CFPB determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act. https://t.co/ED
@FannieMae transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of privat
@FDICgov turns ownership of Silicon Valley Bridge Bank over to @firstcitizens in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of
Former President and COO of Mr. Cooper and C-suite executive Harold Lewis tapped to lead the management of all operational aspects for mortgage servicer @bsifinancialsrv. https://t.co/n9XIEkbvtN
US single-family rent growth declined for the 9th month to 5.7%, but all price tiers saw gains in Jan. Lowest-priced rentals were up 8.5% YoY, likely squeezing renters on tight budgets. Read full sto
Veteran Patrick Pannkuk joins Brookstone Management LLC, bringing nearly 14 years of experience and tenure in the financial services industry from multiple senior leadership positions held at Wells Fa
The acquisition of Signature Bank by Flagstar Bank includes the purchase of certain loan portfolios from Signature totaling $12.9 billion, and the assumption of $34 billion in deposits by Flagstar. ht
Single women are driving US homeownership rates! Since 2019, 1.4M single, female-headed households have increased, with 1M of them now homeowners. Read full story here! Read full story here! https://
@FannieMae names former PricewaterhouseCoopers Partner Mike Seelig to its Board of Directors, bringing financial management and reporting, risk management, and business strategy expertise to his new r
By issuing new request for information, the @CFPB is studying the business practices of data brokers, their impact on the daily lives of consumers, and whether they are all playing by the same rules.
To better serve areas impacted by weather-related disasters, @HUDgov forms new office focused on disaster recovery and an injection of $3.3 billion in funding to help communities across the country re