On Wednesday, the 11th Circuit Court ruled that using a vendor to generate a letter to a debtor violated the FDCPA’s prohibition on disclosing a consumer's debt to a third party. Also last week, the House passed H.R. 1395, the Housing Financial Literacy Act of 2021, and H.R. 1532, the Improving FHA Support for Small-Dollar Mortgages Act of 2021.
March comes in like a lion and out like a lamb, the saying goes, but it evidently doesn’t apply to new home sales.
MISMO®, the real estate finance industry standards organization, seeks public comment on its new eModification Reference Guide. The 30-day comment period runs through May 24.
The economy is well-positioned for growth as it leaves the Pandemic Recession, said former National Economic Council Director and Vice Chairman of IBM Gary Cohn during the recent MBA Spring Conference & Expo 21.
This week’s MBA Chart of the Week examines year-over-year growth in purchase loan applications by loan size since 2018.