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Home » Authors » Shannon Clark

Articles by Shannon Clark

California Enacts Mortgage Forbearance Act for Wildfire Relief

October 13, 2025
Shannon Clark
The emergency law provides borrowers impacted by the January wildfires up to 12 months of mortgage forbearance.
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District Court Allows FDCPA Class Action to Proceed

October 13, 2025
Shannon Clark
The survival of the complaint against Selene Finance could lead to copy-cat class-action proceedings against mortgage servicers.
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CFPB Finalizes Rule Extending Section 1071 Compliance

October 13, 2025
Shannon Clark
Compliance with the Section 1071 rule will now begin for the first set of financial entities on July 1, 2026.
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Other News in Brief

October 13, 2025
Shannon Clark
Appeals court upholds multi-million-dollar judgment against Libre by Nexus; states settle with mortgage company over illegal MLO conduct.
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Experts Warn Against Rising Mortgage Fraud Risk

October 10, 2025
Shannon Clark
Undisclosed real estate debt and transaction fraud risks increased the most in the second quarter, according to Matt Seguin, a senior principal for product management at Cotality.
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District Court Drops RICO Claims in Lawsuit Against UWM

October 9, 2025
Shannon Clark
Many charges in a class action against UWM were dismissed, but some Real Estate Settlement Procedures Act claims will move forward.
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One More Court Finds NBA Doesn’t Preempt Certain State Laws

October 9, 2025
Shannon Clark
Relying on the Supreme Court’s direction to apply a “nuanced comparative analysis” for determining federal preemption, some lower courts are finding that the National Bank Act doesn’t preempt state laws.
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Fannie, Freddie and Ginnie Issue Guidance on Shutdown

October 2, 2025
Shannon Clark
MBS issuance will continue at the GSEs and Ginnie Mae amid a partial shutdown of the federal government, but some changes will be temporarily in place.
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MBA Details Regulatory Priorities

October 2, 2025
Shannon Clark
The trade group’s priorities include changes to loan originator compensation standards and a higher tax exemption on home sales.
Read More

MBA Advocates for Raising Home Sale Capital Gains Tax Exclusion

September 30, 2025
Shannon Clark
The trade group said raising the exclusion will help "unlock supply in the housing market."
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