The AGs said servicers are still sending borrowers letters that fail to include the COVID-19 recovery modification as an option, while requiring unnecessary paperwork...
Housing advocates, spearheaded by the Lincoln Institute of Land Policy, believe the GSEs’ plans actually reduce loan targets for all three areas targeted by DTS.
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...