MBA, ABA, NMSA sign joint letter seeking to simplify & clarify the plan, as well as to extend the time to implement it.
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Regulation and Compliance
FHA Urged To Modify Proposed Loss-Mitigation Plan
Movement Mortgage To Pay $23.75M To Settle False Claims Act Probe
Lender accused of not following guidelines for originating, underwriting some FHA, VA loans.
Jul 05, 2023
FHA To Require Lenders To Ask Language Preference
Advocates praise new requirement that will take effect on Aug. 28.
Jun 28, 2023
Modern Life, Modern Loans
Stepping into the new world of valuation
Jun 27, 2023
Mortgage Banker Magazine
ACI Worldwide To Pay $25M Penalty For Illegally Processing Mortgage Payments
CFPB says company harmed nearly 500,000 homeowners serviced by Mr. Cooper.
Jun 27, 2023
MBA CEO: Regulators Should Help Stabilize Warehouse Lending
Suggests two regulatory changes to 'fine-tune' a key asset in the mortgage finance sector.
Jun 26, 2023
FHFA: Fannie, Freddie Prevented Nearly 60,000 Foreclosures In Q1
GSEs have helped more than 6.7 million troubled homeowners since 2008.
Chopra: CFPB Wants To Simplify Servicing Rules
In blog post, director says agency intends to streamline regulations.
Jun 21, 2023
Fed Chair Tells Congress To Expect More Rate Hikes
Tells House Financial Services Committee that moderate increases still needed to curb inflation.
Jun 21, 2023
Audit Finds Servicers, Mr. Cooper Bungled Pandemic Mortgage Relief
HUD Inspector General finds that 2/3rds of borrowers did not receive loss-mitigation assistance.
Jun 15, 2023