Yemeng Yang

LO Compensation Continued to Climb in the Third Quarter

October 30, 2020

Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...

Pagaya Issues First Publicly Rated Consumer ABS

October 29, 2020

The vendor uses machine learning and artificial intelligence technology to select and purchase consumer loans from originators.

Consumer Supervision Division Shakeup Raises Eyebrows

October 29, 2020

Yemeng Yang

Afterward, the enforcement office’s policy and strategy team personnel and functions will be moved to a new division...

Google Launches Digital Mortgage Solution

October 29, 2020

Yemeng Yang

Google is partnering with mortgage tech vendor Roostify as it launches Lending DocAI, a digital front-end product. Mortgage tech watchers wonder just how big the search engine giant might become in mortgages.

Washington Federal (Again) Fined for HMDA Reporting Errors

October 28, 2020

Yemeng Yang

Washington Federal has not yet been released from a 2013 consent order with the CFPB for violating HMDA and Regulation C.

Short Takes: A Large Debt Sale from a Wholesale Giant / Citi Readies Non-QM Deal / The CFPB Crackdown Continues / A New LO for MN

October 27, 2020

Yemeng Yang, Brandon Ivey, and Paul Muolo

Among the allegations: Low VA Rates advertised loan terms that it wasn’t actually prepared to offer. The agency said the nonbank has mailed millions of mortgage advertisements to consumers since January 2016.

Amid the Pandemic, Consumer Complaints Reach an All-Time High

October 27, 2020

Yemeng Yang

The top three in the complaint category: Experian, Transunion and Equifax...

CFPB Extends Temporary QM ‘Patch’ for GSE loans

October 26, 2020

Yemeng Yang

The new expiration date will be tied to the mandatory compliance date for the revised general QM rule, or when the GSEs exit conservatorships, whichever comes first.

CFPB Reorganizes Supervision and Enforcement Division

October 26, 2020

Yemeng Yang

The CFPB has created a new office within the supervision, enforcement and fair lending division to assign cases to the enforcement office. Critics say the change will weaken the bureau’s enforcement power.

Consumer Complaints Hit Another Record in 3Q20

October 26, 2020

Yemeng Yang

Consumer satisfaction with financial services products continues its downward trajectory, according to a recent analysis by Inside the CFPB.

Yemeng Yang

ARTICLES

LO Compensation Continued to Climb in the Third Quarter

Pagaya Issues First Publicly Rated Consumer ABS

Consumer Supervision Division Shakeup Raises Eyebrows

Google Launches Digital Mortgage Solution

Washington Federal (Again) Fined for HMDA Reporting Errors

Short Takes: A Large Debt Sale from a Wholesale Giant / Citi Readies Non-QM Deal / The CFPB Crackdown Continues / A New LO for MN

Amid the Pandemic, Consumer Complaints Reach an All-Time High

CFPB Extends Temporary QM ‘Patch’ for GSE loans

CFPB Reorganizes Supervision and Enforcement Division

Consumer Complaints Hit Another Record in 3Q20

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

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Featured Data

FHA Delinquencies Rise to Pandemic Levels

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Featured Reports

Mortgage Servicing Rights Report: 3Q25 (PDF)

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IMF HMDA Dashboard: 2024

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?