ACES Risk Management (ARMCO), Denver, released ACESXPRESS for Early Payment Defaults to bolster lenders’ existing audit programs in light of the recent increases in required monthly EPD audit volume.
Tag: Consumer Financial Protection Bureau
Federal Agencies Launch Joint Mortgage, Housing Assistance Website on Coronavirus Impact
The Consumer Financial Protection Bureau, Federal Housing Finance Agency and HUD yesterday launched a new mortgage and housing assistance website designed to ensure homeowners and renters have current and accurate housing assistance information during the COVID-19 national emergency.
Industry Briefs
Essent Guaranty Inc., Radnor, Pa., and Cloudvirga, Irvine, Calif., announced an integration in which Cloudvirga will offer Essent’s products and services.
Industry Briefs
IndiSoft, Columbia, Md., launched The Homeowner Connect to help servicers communicate effectively with borrowers who need loss mitigation help during the COVID-19 crisis.
GSEs: No Lump Sum Required at End of Forbearance
The Federal Housing Finance Agency, Fannie Mae and Freddie Mac issued announcements yesterday reiterating borrowers in forbearance with a Fannie Mae or Freddie Mac-backed mortgage are not required to repay the missed payments in one lump sum.
CFPB Guidance Aims to Provide ‘Clarity, Compliance’ to Mortgage Servicing Transfers
The Consumer Financial Protection Bureau on Friday issued a new guidance outlining practices it says will provide mortgage servicers clarity, facilitate compliance and prevent harm to consumers during the transfer of residential mortgages.
CFPB Issues Final Rule Raising HMDA Data Reporting Thresholds
The Consumer Financial Protection Bureau yesterday issued a final rule raising loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.
CFPB Issues Final Rule Raising HMDA Data Reporting Thresholds
The Consumer Financial Protection Bureau this morning issued a final rule raising loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.
FHFA, CFPB Announce Borrower Protection Program
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency.
FHFA, CFPB Announce Borrower Protection Program
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency.