A Huge YOY Spike in CFPB Complaints February 7, 2023 Sam Manas On an annual basis, the increase in gripes regarding credit reporting are even more imposing.Read More
Dismissed: The CFPB's First Redlining Lawsuit Against a Nonbank February 6, 2023 Sam Manas Townstone argued that the ECOA’s prohibitions on discrimination against applicants don’t apply to prospective applicants.Read More
MBA Chief Broeksmit: LLPA Grids are Complicated, Complex February 3, 2023 Dennis Hollier The new pricing grids from FHFA boast 216 "cells"...Read More
Ginnie SVP Has a Sympathetic Ear for Struggling Nonbanks February 2, 2023 Brandon Ivey The Ginnie SVP said the agency has "lots of love" for IMBs...Read More
CDFI Proposal Could Impact Non-Agency Players January 31, 2023 Brandon Ivey CDFIs, for now, are exempt from the CFPB's ability-to-repay requirements.Read More
CFPB Stresses the Need to Keep Borrowers in Their Homes January 25, 2023 Sam Manas The bureau expects servicers to keep using “all the tools" at their disposal...Read More
CFPB Proposes More Regulatory Hoops for Nonbanks January 20, 2023 Sam Manas Form contracts are used in multiple transactions by nonbanks, a company category that also encompasses servicers and mortgage brokers.Read More
With the Ashes of RMF Smolderiing, Will FHA Act? January 17, 2023 Brandon Ivey RMF controlled a stunning 35% of the HECM MSR market...Read More
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
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