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MBA: Don’t Make Lenders Liable For Actions Of Independent Appraisers

Files amicus brief in discrimination lawsuit in response to CFPB, DOJ Statement of Interest.

Regulation and Compliance
Objections Raised To RMIT Chapter 11 Liquidation Plan

Lack of funds, plan to cease loan servicing among issues cited.

Reverse
Courts
Apr 24, 2023
The Interest
FSOC Proposes New Guidance For Supervision Of Nonbanks

Seeks public comment on procedures that would update and replace guidance established in 2019.

Regulation and Compliance
Court Upholds Conn. Banking Department Actions Vs. 1st Alliance

Defunct East Hartford lender loses on appeal; still facing CFPB lawsuit.

Courts
Array Announces Launch of Debt Manager App

Embeddable tool provides comprehensive view of credit and loan account information.

Tech
Apr 21, 2023
The Interest
Fannie Mae: Economic Slowdown Resumes, Modest Means Modest

ESR Group maintains predictions of a "modest recession" beginning in the second half of 2023.

Analysis and Data
Delinquency Rate Falls Below 3% In March, 1st Time On Record

Black Knight says rate hit 2.9%; First American RHPI shows a wave of foreclosures unlikely.

Analysis and Data
Guild Mortgage Expands By Adding Team From Fairway

Fairway CEO says the group of 40 was let go for 'lack of production'

Operations