The implementation of the NMLS Mortgage Call Report carries with it many changes for all MCR filers. Preparing to implement MCR Version 6 on a short timeline is an enormous …
Tag: Conference of State Bank Supervisors
MBA, State Regulators Ask CFPB to Withdraw Nonbank Registry Proposal
The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to withdraw a controversial proposal requiring covered nonbank financial institutions to register with and report to the Bureau when they become subject to certain public local, state, or federal consumer financial protection agency or court orders.
MBA Supports CSBS Prudential Standards for Nonbank Mortgage Servicers
Last Tuesday the Conference of State Bank Supervisors released model state regulatory prudential standards for nonbank mortgage servicers. MBA President and CEO Bob Broeksmit, CMB, immediately expressed support for the standards.
State Financial Regulators Seek Comment on ‘Prudential Standards’ for Nonbank Mortgage Servicers
The Conference of State Bank Supervisors seeks public input on proposed regulatory prudential standards for nonbank mortgage servicers, as the state-regulated industry covers an increasing share of this market.
FHA, CFPB Issue New Guidance on Forbearance
The Federal Housing Administration and the Consumer Financial Protection Bureau announced new policies to assist mortgage borrowers impacted by the economic effects of the coronavirus pandemic.
Federal Agencies ‘Will not Criticize’ Coronavirus Loan Mods
Six federal agencies on Sunday issued a joint statement encouraging financial institutions to “work constructively” with borrowers affected by the coronavirus pandemic and said they “will not criticize” loan modifications made in a “safe and sound” manner.