MBA Letter Urges FHFA to Diversify FHLB System Membership Base

The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged FHFA to expand membership in the Federal Home Loan Bank system to include captive insurers, including mortgage real estate investment trusts and independent mortgage banks.

Industry Briefs June 16, 2020

To help limited English proficiency borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, the Federal Housing Finance Agency added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing scripts that servicers use when discussing COVID-19 forbearance with borrowers.

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.

Industry Briefs

The Consumer Financial Protection Bureau issued a Supplemental Notice of Proposed Rulemaking regarding collection of time-barred debt.

Industry Briefs

The Consumer Financial Protection Bureau issued a Supplemental Notice of Proposed Rulemaking regarding collection of time-barred debt.

Stanley C. Middleman: Are Non-banks Really a Systemic Risk?

The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?

Stanley C. Middleman: Are Non-banks Really a Systemic Risk?

The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?