National Mortgage News, June 27, 2023–Maria Volkova (subscription)The Consumer Financial Protection Agency hit ACI Worldwide and its subsidiary ACI Payments with a $25 million fine Tuesday for illegally initiating withdrawals …
Category: Top National News
Fannie Mae, Freddie Mac Foreclosures Rise, Delinquencies Dip
National Mortgage News, June 26, 2023–Bonnie Sinnock (subscription)More houses backing loans purchased by two government-related mortgage investors ended up in the distressed market during the first quarter, but that number …
Loan Servicers’ Pandemic-Relief Efforts ‘a Major Success Story’
Inman News, June 26, 2023-Matt CarterLoan servicers collecting mortgage payments on loans backed by Fannie Mae and Freddie Mac kept millions of borrowers from being foreclosed on during the coronavirus …
MBA Compliance and Risk Management Conference in D.C. Sept. 10-12
Two conferences, one monumental location: The Mortgage Bankers Association’s all-new Compliance and Risk Management Conference takes place Sept. 10-12 at the Grand Hyatt Washington, D.C. We combined two of your …
Fannie Mae, Freddie Mac Foreclosures Rise, Delinquencies Dip
National Mortgage News, June 26, 2023–Bonnie Sinnock (subscription)More houses backing loans purchased by two government-related mortgage investors ended up in the distressed market during the first quarter, but that number …
What Is Happening in the Housing Market?
New York Times, June 26, 2023–Jeanna SmialekHome construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists. …
California Promotes Expanded Availability of Mortgage Relief
National Mortgage News, June 23, 2023–Spencer Lee (subscription)Adjustments to area median-income levels will make more residents eligible after the state opened up the Homeowner Assistance Fund to households with pandemic-related …
The Zombie Mortgages Stalking American Homeowners
Wall Street Journal, June 23, 2023–PodcastLong-dormant mortgages are coming back to bite. Homeowners around the country are facing large bills and even foreclosure threats from investors who own their second …
Chopra: CFPB Wants To Simplify Servicing Rules
National Mortgage Professional, June 21, 2023–David KrechevskyConsumer Financial Protection Bureau Director Rohit Chopra says his agency intends to propose ways to “simplify and streamline mortgage servicing rules.” Chopra said the …
End of Forbearance Tests Mettle of Other Foreclosure Alternatives
National Mortgage News, June 22, 2023-Bonnie SinnockForbearance has reached the point where less than half of a percent of borrowers have it, and that means servicers will be increasingly reliant …