Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC June 17, 2021 Lisa Burden and Paul Muolo No Fed rate hikes until 2023? Sure, why not...Read More
GAO: CFPB’s Fair Lending Reorganization Was a Failure June 15, 2021 Lisa Burden Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...Read More
Short Takes: Another Top Wells Mortgage Exec Departs / An LO Too / CFPB Lays Outs Its Agenda / Servicing Guidelines Ahead? June 15, 2021 Lisa Burden and Paul Muolo More mortgage-related departures at Wells Fargo...Read More
Experts Cite Pitfalls of Self-Reporting Violations June 11, 2021 Lisa Burden The Trump-era CFPB maintained that self-reporting is responsible business conduct. But is it a prudent move? Attorneys weigh in.Read More
GAO Finds CFPB’s Fair Lending Reorganization Was a Failure June 10, 2021 Lisa Burden Not only did it cause a loss of expertise, but it also led to a drop in enforcement actions by the consumer watchdog.Read More
Two Top CFPB Enforcement Officials on Their Way Out June 10, 2021 Lisa Burden Rohit Chopra’s nomination is in a holding pattern. Meanwhile, the CFPB is losing two high-profile enforcement attorneys and the DFPI its commissioner.Read More
Ready Capital Prices $100M Public Stock Offering June 10, 2021 Lisa Burden The real estate finance company completed its merger with Anworth and reported strong first-quarter results on Freddie Mac business.Read More
Denial Rates for FHA Loans Highest Among All Loan Types June 9, 2021 Lisa Burden Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.Read More
Credit Bureaus Deflect Blame for Surge in Consumer Complaints June 8, 2021 Lisa Burden Anxious consumers were checking their credit reports often during the pandemic, affecting the tally...Read More
Credit Bureaus Deflect Blame for Surge in Consumer Complaints June 7, 2021 Lisa Burden In testimony before lawmakers, executives of the big three credit reporting agencies said borrowers’ heightened concern over their financial obligations during the pandemic is to blame for the rise in grievances.Read More