HousingWire, Apr. 13, 2021–Tim GlazeTitle insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to …
Category: Top National News
CFPB Sets Stage for More Enforcement. But What’s the Script?
National Mortgage News, Apr. 13, 2021–Kate Berry (subscription)The Consumer Financial Protection Bureau’s revocation of a Trump-era policy on abusive practices could mean higher fines and penalties for violators. But it …
Trump Gutted Obama-Era Housing Discrimination Rules. Biden’s Bringing Them Back
Washington Post, Apr. 13, 2021–Tracy JanHousing Secretary Marcia L. Fudge moved this week to reinstate fair housing regulations that had been gutted under President Donald Trump, in one of the …
Second Home Sales are Soaring, But Now There’s a Mortgage Hurdle
WTOP-FM (Washington, D.C.), Apr 13, 2021–Jeff ClabaughDemand is not expected to slow, but Fannie Mae and Freddie Mac have raised a hurdle. The two now limit the share of second …
$7.12 billion in Fannie Mae, Freddie Mac MSRs Up for Bid
National Mortgage News, Apr. 12, 2021–Bonnie Sinnock (subscription)The diverse group of loans in the servicing rights portfolio offers a potentially attractive recapture opportunity and would be a sizable transaction for …
How CFPB’s Foreclosure Delay Could Impact Non-QM Lenders, Investors
National Mortgage News, Apr. 12, 2021–Brad Finkelstein (subscription)Servicers of loans not related to the government most often capitalized missed payments and converted them into a deferred, non-amortizing balance, said Vadim …
GSEs Won’t Buy QM Loans Under GSE Patch After July 1
HousingWire, Apr. 9, 2021–Alex RohaDespite proposed rulemaking by CFPB to delay date until 2022, GSEs are bound by their Treasury agreement.https://www.housingwire.com/articles/gses-wont-buy-qm-loans-under-gse-patch-after-july-1/
Agency Plan Would Postpone Foreclosures Until 2022
Orange County Register, Apr. 8, 2021–Jeff LazersonThe Consumer Financial Protection Bureau has proposed that mortgage servicers delay action on borrowers’ principle residence until after December. (MBA mention)https://www.pasadenastarnews.com/2021/04/08/agency-plan-would-postpone-foreclosures-until-2022/
Does CFPB Have Authority to Postpone Foreclosures?
HousingWire, Apr. 7, 2021–Alex RohaAt the peak of forbearance, nearly 6 million borrowers were in some form of forbearance, but over half of those homeowners have since exited. According to …
Mortgage Servicers are Stepping Up During COVID
HousingWire, Apr. 7, 2021–Robert Broeksmit, CMBMBA President & CEO shows how the Consumer Financial Protection Bureau’s own data reported complaints against mortgage servicers are down 3.5%.https://www.housingwire.com/articles/cfpb-report-shows-how-mortgage-servicers-have-stepped-up-during-covid/