New primary mortgage insurance activity was down in the first quarter of 2019, but FHA and VA managed to expand their share of the market thanks to surging refinance business. Private MIs started the year slightly ahead of the pace in early 2018.
Read More
The agency has begun to assemble the team that is supposed to deliver on the new director's plans for housing-finance reform. So far, the industry is impressed.
Possibly dozens of VA lenders have been handed subpoenas from the federal government tied to VA delinquencies and possibly loan churning. Is this a fishing expedition or something more? Needless to say, lenders are worried.
An auction of Ditech Financial is scheduled for the end of May. At stake is not only the company’s future — and the jobs of roughly 2,700 full-time employees — but $187.2 billion in mortgage servicing rights. If bidders fail to show up, Ch. 7 will likely be the next step.
A federal appeals court has upheld CFPB's constitutionality. This means there is no circuit split on the issue, which would encourage the Supreme Court to take up the case.
The bureau has proposed raising the coverage threshold for smaller lenders under the Home Mortgage Disclosure Act. Separately, it has also sought input on whether to make changes to the required data fields in a separate notice.