LOS ANGELES–As cyber threats grow and evolve, loan servicers need to actively identify and neutralize attacks, panelists said here at the MBA Commercial/Multifamily Servicing and Technology Conference.
Category: News and Trends
Calabria: Housing Finance System Status Quo ‘Not an Option’
NEW YORK–Federal Housing Finance Agency Director Mark Calabria reiterated his vow to end the conservatorships of Fannie Mae and Freddie Mac and called for new legislation in Congress to address meaningful housing finance reform.
ATTOM: April Foreclosure Activity Down 13%
ATTOM Data Solutions, Irvine, Calif., said foreclosure filings, including default notices, scheduled auctions and bank repossessions, fell by 5 percent in April from March and by 13 percent from a year ago.
CFPB Outlines Plan to Review Regulatory Flexibility Act Rules
The Consumer Financial Protection Bureau yesterday published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act and to request public input.
Seriously Underwater Properties Rise from Year Ago
ATTOM Data Solutions, Irvine, Calif., said more than 5.2 million U.S. properties remained seriously underwater at the end of the first quarter, up by more than 17,000 properties from a year ago.
CFPB Proposes New Fair Debt Collection Rules
The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking to implement the Fair Debt Collection Practices Act.
Mortgage Action Alliance ‘Call to Action’ Urges Support for Self-Employed Mortgage Access Bill
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action yesterday urging support of legislation that would improve mortgage access for the self-employed, gig workers and other non-traditional borrowers.
CMBS Delinquency Rates Fall to Post-Crisis Low
The commercial mortgage-backed securities delinquency rate fell six basis points to 2.82 percent in April, the lowest delinquency reading since the 2008 financial crisis.
Black Knight: Servicing Retention at 13-Year Low
Black Knight, Jacksonville, Fla., reported the share of borrowers who remain with their prior servicer post-refinance reached record lows, creating possible challenges in an ever more competitive marketplace.
Fitch: U.S. RMBS Servicers ‘Scrubbing’ Portfolios of Problem Loans
Fitch Ratings, New York, said U.S. residential mortgage-backed securities servicers are continuing to grow their portfolios with much cleaner products, while the volume of problematic loans continues to decline.