City National Bank Agrees to Record $31 Million Redlining Settlement January 13, 2023 Sam Manas City National Bank said it disagreed with the allegations, but settled anyway...Read More
New Empire State Law Limits Timeframe to Complete Foreclosures January 11, 2023 Sam Manas The guardrails are a concern for residential servicers operating in the state...Read More
On the CFPB's Agenda: Nonbank Rulemaking, More... January 10, 2023 Sam Manas The first proposal would require nonbanks to register with the bureau if they become subject to a public enforcement order.Read More
Short Takes: SCOTUS Nixes Takings Appeal / Home Purchase Sentiment Ticks Up Slightly / Judge Tosses AML Countersuit In UWM Case January 10, 2023 Dennis Hollier SCOTUS declines appeal of net worth sweep case, effectively ending GSE shareholders' takings argument.Read More
CFPB Lingo Change Could Make Bank-Statement Loans Tricky January 9, 2023 Sam Manas Change Home Mortgage General Counsel Alan Lindeke said that could be an issue for some lenders...Read More
Congress Closed Out 2022 Approving New FHA Funding, More... January 6, 2023 Brandon Ivey Lenders were particularly happy about the increases in FHA’s budget.Read More
A Busy Year for Mortgage Legislation? Not Likely January 5, 2023 Brandon Ivey MBA's Killmer believes the lower chamber will be reactive, rather than proactive, on housing issues...Read More
Short Takes: It’s All About the Burn / Company Valuations? / FoA’s Debt Nears Ugly / Crypto Warning / Silvergate Update January 4, 2023 Paul Muolo Former warehouse provider Silvergate Capital has seen its share price bounce recently...Read More
HUD IG: Loans in Ginnie Pools Not Always Insured January 3, 2023 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk...Read More
Short Takes: Ginnie Executive Accused of Leaking Info / Preferential Treatment Too / No Charges Brought / Blackstone Executive Quits FoA Board Immediately January 3, 2023 Paul Muolo The IG came to the conclusion that the SVP violated agency regulations and referred the matter to DOJ...Read More
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