National Mortgage News, Apr. 22, 2021–Kate Berry (subscription)The Consumer Financial Protection Bureau disputes a district court ruling that misconduct claims against the company were already covered by a previous settlement.https://www.nationalmortgagenews.com/news/cfpb-appeals-dismissal-of-federal-lawsuit-against-ocwen
Category: Top National News
Alex Oh Named Securities and Exchange Commission Enforcement Director
Wall Street Journal, Apr. 22, 2021–Dave Michaels (subscription)Alex Oh, a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP, will assume command of the 1,300-person division, which enforces civil securities …
Mr. Cooper Secures Deal With Google Cloud for Mortgage Servicing Platform
Mortgage Professional America, April 22, 2021–Candyd MendozaNonbank servicer Mr. Cooper Group has teamed up with Google Cloud to create a digital mortgage servicing platform designed to automate its loan documentation …
GSE Caps on Investor Loans May Add to Rising Fraud Risk: CoreLogic
National Mortgage News, Apr. 21, 2021–Bonnie Sinnock (subscription)Fannie Mae and Freddie Mac’s new limits on loans secured by investor properties and second homes may put pressure on applicants to misrepresent …
I Review Mortgages–And I See 3 Areas of Possible Trouble in the Housing Market
MarketWatch, Apr. 21, 2021–Jeff TaylorThe author, head of Mphasis Digital Risk, says there are concerns that an over-exuberant housing market could be threatened by credit risks, unrealistic valuations, sharply rising …
During Pandemic, Landlords Find Relying on One Office Tenant Can Backfire
Wall Street Journal, April 20, 2021–Konrad Putzier (subscription)With the U.S. office market in its worst crisis in a decade, some landlords are discovering the risks of putting all their tenant …
More Homeowners are Leaving Mortgage Forbearance–But Still Need Help
Yahoo! Money, Apr. 20, 2021–Janna Herron“Borrowers are entering a deferral plan or mortgage modification,” Mortgage Bankers Association Chief Economist Mike Fratantoni said. “Maybe they’re back at their job and can …
Fudge, Calabria Discuss Housing Affordability, Equity and More
DSNews, April 20, 2021–Christina Hughes BabbTwo U.S. government agency members who hold positions vital to the housing finance world Tuesday addressed mortgage bankers attending a virtual conference. (MBA mention)https://dsnews.com/daily-dose/04-20-2021/fudge-calabria-discuss-housing-affordability-equity-and-more
Increasing Racial and Ethnic Diversity Will Drive Homeownership over the Next Two Decades
Urban Institute, Apr. 20, 2021–Laurie Goodman, Jun ZhuUI says its projections for Texas, Georgia, California and Minnesota—states with very different racial and ethnic compositions—show the wide range of homeownership trajectories …
More Homeowners are Leaving Mortgage Forbearance–But Still Need Help
Yahoo! Money, Apr. 20, 2021–Janna Herron“Borrowers are entering a deferral plan or mortgage modification,” Mortgage Bankers Association Chief Economist Mike Fratantoni said. “Maybe they’re back at their job and can …