Ginnie and FHFA Release Mostly Simpatico Eligibility Requirements for Servicer/Issuers August 17, 2022 Paul Muolo and Dennis Hollier There are no stunning changes on the required capital minimums...Read More
Fed Paper Suggests Refi Discrimination on Some Low-Balance Loans August 17, 2022 Dennis Hollier The Fed found that borrowers with balances below $150,000 pay proportionally higher closing costs...Read More
Mortgage-Related Complaints Decline in 2Q22 August 16, 2022 Sam Manas Criticism about applications plunged 26% year over year...Read More
It's Official: Ginnie Loosens Capital Standards for Credit Unions August 15, 2022 Monica Hogan Meanwhile, a senior Ginnie official said the agency will have more to say about capital requirements for nonbanks in the very near future...Read More
FHFA: Servicers Must Maintain Fair Housing Data August 11, 2022 Dennis Hollier Fannie/Freddie servicers must collect age, race, ethnicity and language preference data from borrowers.Read More
The Key, Perhaps, to an FHA Premium Cut: The FCRA August 10, 2022 Monica Hogan FHA Commissioner Julia Gordon said, “Read the Federal Credit Reform Act.”Read More
HUD Explores Expanding CDFI Access to Ginnie Mae August 9, 2022 Monica Hogan The task force is looking at administrative actions it can take to boost CDFI participation in the Ginnie Mae program...Read More
Cenlar Chief Tornquist Retires, Former GSE Executives Fill the Void August 8, 2022 Paul Muolo The press-shy, privately held vendor made headlines last fall when it was sanctioned by the OCC...Read More
UI: Forbearance Should Be First Loss-Mitigation Step August 2, 2022 Brandon Ivey The Urban Institute said pandemic-related forbearances appear to have greatly benefitted consumers.Read More
Court: FDCPA Can Cover TILA-Required Statements August 2, 2022 Sam Manas A federal appeals court recently held that mortgage servicers must comply with both the Truth in Lending Act and the Fair Debt Collection Practices Act, rejecting an argument that one cancelled out the other.Read More
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