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Industry News
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CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020
Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020
Angel Oak Home Loans Opens New Branches In Colorado And Mississippi
As demand continues to remain relatively high, Angel Oak Home Loans opened two new branches, with a total of six new branches in the span on 30 days.
CFPB Announces New Rule To Ease Transition Out Of Forbearance
The CFPB established temporary special safeguards to ensure that borrowers have time before foreclosure to explore other options of repayment, including loan modifications and selling their home.
Fed Officials Discuss Possibly Scaling Back Mortgage Bond Purchases
Federal Reserve officials are looking into ways to help calm the housing boom and one suggestion was possibly scaling back on the purchases of mortgage-backed securities.
Total Expert Launched Its Sales And Marketing Platform For The Direct-To-Consumer Market
Total Expert launched the industry's first sales and marketing platform for the direct-to-consumer mortgage market.
NAN Incentivizes Appraisers With "Next-Day Pay" Initiative
Nationwide Appraisal Network (NAN) will now wire appraisers their full appraisal fee within 24 hours for work completed on time or early.
Biden Appoints Sandra Thompson As Acting Director Of The FHFA
The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.
Supreme Court Gives Biden Full Control Over FHFA
The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform
Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.
UniteCT Emergency Rental Assistance Succeeds
Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.