The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will require lenders to use the Supplemental Consumer Information Form as part of the application process for loans that will be sold to the Enterprises.
Tag: CFPB
MBA Weighs in on CFPB Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
MBA Weighs in with CFPB Regarding Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
Industry Briefs Sept. 24, 2021: CFPB Says Renters at Risk as COVID Safety Net Ends
The Consumer Financial Protection Bureau released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.
CFPB, FHFA Release Updated Data from National Survey of Mortgage Originations
The Consumer Financial Protection Bureau and the Federal Housing Finance Agency published updated loan-level data for public use collected through the National Survey of Mortgage Originations.
CFPB: Credit Applications Mostly Recovered to Pre-Pandemic Levels
The Consumer Financial Protection Bureau published an issue brief showing consumer applications for auto loans, new mortgages and revolving credit cards had mostly returned to pre-pandemic levels by May.
CFPB: Rental Assistance Available as Eviction Moratorium Expiration Approaches
As the July 31 federal eviction moratorium expiration approaches, the Biden administration, Consumer Financial Protection Bureau, the Mortgage Bankers Association and industry groups are working together to inform apartment owners and renters about the rental assistance programs available to them.
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“MBA appreciates and supports the Biden administration and CFPB awareness campaign to make sure tenants and landlords take advantage of the emergency rental assistance programs available to help cover rent, utilities and other housing costs. With the CDC nationwide eviction moratorium set to expire on July 31, we are working closely with our multifamily loan servicing members to communicate to their borrowers that billions of dollars is available to help tenants and landlords in need.”
–MBA President and CEO Bob Broeksmit, CMB.
Industry Briefs July 22, 2021
Covius, Denver, announced New American Funding implemented Covius Document Solutions for its default servicing operations. Specifically, New American will use Covius’ 50-state template library and on-demand printing services to prepare and deliver compliant pre-foreclosure/breach letters.
CFPB: Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks and Barriers to Credit
The Consumer Financial Protection Bureau said manufactured housing can be an affordable but potentially risky avenue for homeownership.