Mortgage Professional America, Feb. 8, 2021–Candyd MendozaSeveral mortgage servicers gave consumers incomplete and inaccurate information about CARES Act forbearances, according to a new Consumer Financial Protection Bureau report.https://www.mpamag.com/news/cfpb-accuses-servicers-of-misleading-borrowers-about-forbearance-245879.aspx
Category: Top National News
1.2 Million Mortgagers Fear Losing Their Homes
DS News, Feb. 8, 2021–Christina Hughes BabbMortgage Bankers Association’s Research Institute for Housing America Q4 2020 analysis showed, in particular, that 5 million households did not make their rent or …
Mortgage Hiring Growth Slows as Broader Job Market Shows Weak Gains
National Mortgage News, Feb. 5, 2021–Bonnie Sinnock (subscription)Record-breaking employment in the home lending business was even stronger than early indicators suggested last year, but it is starting to level off …
Zillow Reinvented As Erotic Voyeur Site On SNL
Benzinga, Feb. 7, 2021–Phil HallOnline house-hunting took on an unexpectedly steamy aura in this weekend’s installment of “Saturday Night Live.” The Feb. 6 show included a mock advertisement for the …
Pandemic’s Toll on Housing: Falling Behind, Doubling Up
New York Times, Feb. 6, 2021–Conor DoughertyThe nation has a plague of housing instability that was festering long before Covid-19, and the pandemic’s economic toll has only made it worse. …
CFPB Considers Halting Implementation of QM, Debt Collection Rules
American Banker, Feb. 5, 2021–Kate Berry (subscription)Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized …
Deephaven Mortgage Stages Non-QM MBS Comeback
Mortgage Professional America, Feb. 5, 2021–Candyd MendozaPrivately held Deephaven Mortgage is making a comeback in the non-QM MBS (mortgage-backed securities) market, as pandemic-driven purchase activity continues to buoy non-QM issuance …
Originators Predict More Outsourcing and Consolidation in 2021
National Mortgage News, Feb. 5, 2021–Brad Finkelstein (subscription)Managing costs and creating operational efficiencies are foremost on the minds of the mortgage lenders, with the ongoing pandemic creating pressure on their …
Guaranteed Rate Acquires Owning Corporation
National Mortgage Professional, Feb. 5, 2021–Navi PersaudGuaranteed Rate has made its second acquisition of 2021 with its latest acquisition of Owning Corporation, a direct-to-consumer mortgage platform based in California. According …
MBS Investors Look for Signs Homeowner Refinancings Have Peaked
Bloomberg, Feb. 5, 2021–Christopher MaloneyMortgage-bond investors are looking for signs that the wave of American homeowners refinancing their loans may have crested. (MBA mention)https://www.bloomberg.com/news/articles/2021-02-05/mbs-investors-look-for-signs-homeowner-refinancings-have-peaked