Here is a summary of housing/economic stories that recently came across the MBA NewsLink desk:
Tag: Consumer Financial Protection Bureau
Industry Briefs Apr. 18, 2022: Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.
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 Apr. 1, 2022: Homebridge Launches ‘Our Community’
Homebridge Financial Services Inc., Iselin, N.J., launched its “Our Community” hub on the company’s website. This resource provides a new level of transparency about Homebridge’s current diversity and inclusion internal workforce efforts and measures progress.
Industry Briefs Mar. 25, 2022: CFPB Targets ‘Unfair Discrimination’ in Consumer Finance
The Consumer Financial Protection Bureau announced changes to its supervisory operations it says will better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.
Industry Briefs Mar. 16, 2022: Wolters Kluwer to Acquire IDS
Wolters Kluwer Governance, Risk & Compliance, Minneapolis, signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc., Draper, Utah, a provider of compliance and document generation software platforms for the mortgage and real estate industry, for $70 million in cash.
Industry Briefs Mar. 1, 2022: Arch MI: Home Price Growth to Slow in 2022
Home sales, which increased more than 6% in 2021 to a 15-year high, will remain strong this year — supported by solid demographic trends and an expected increase in homes for sale, according to the winter edition of The Housing and Mortgage Market Review from Arch Mortgage Insurance Co., Greensboro, N.C.
Industry Briefs Feb. 18, 2022: Constellation Mortgage Solutions Acquires ReverseVision
Constellation Mortgage Solutions Inc., Southfield, Mich., acquired ReverseVision Inc., San Diego, a provider of Home Equity Conversion Mortgage and private reverse mortgage sales origination software.
MBA Advocacy Update Jan. 31, 2022
Recently, MBA and a coalition of financial services trade associations filed a joint comment letter to the Consumer Financial Protection Bureau on its assessment of the HMDA Rule. Also last week, the CFPB issued a request for public comment seeking information on “fees that are not subject to competitive processes[.]”