Tag Archives: consumer financial protection bureau

Forbearance rate drops for seventh week in a row

By Matt Carter | April 19, 2021 - 11:24 pm |April 19, 2021 Uncategorized

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At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →

Keep your eye on these top 10 purchase lenders this year

By Kelsey Ramírez | April 14, 2021 - 9:11 pm |April 14, 2021 Uncategorized

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Refinances are decreasing as purchases take over market share. These top 10 purchase lenders from 2020 are best prepared to dominate lending in 2021. Continue reading →

Fannie, Freddie to adopt new underwriting standards for qualified mortgages on July 1

By Matt Carter | April 13, 2021 - 5:42 pm |April 13, 2021 Uncategorized

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Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit. Continue reading →

What the proposed CFPB rules mean for mortgage servicers

By Kelsey Ramírez | April 9, 2021 - 8:26 pm |April 9, 2021 Uncategorized

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The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry. Continue reading →

MBA: Delaying non-qualified mortgage rule will bring uncertainty to housing

By Kelsey Ramírez | April 6, 2021 - 8:34 pm |April 6, 2021 Uncategorized

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The Mortgage Bankers Association believes that delaying the mandatory compliance date, as proposed by the Consumer Financial Protection Bureau, will not increase access to credit. Continue reading →

New CFPB proposal would take foreclosures off the table for 2021

By Kelsey Ramírez | April 5, 2021 - 6:47 pm |April 5, 2021 Uncategorized

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The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10. Continue reading →

CFPB to mortgage servicers: Get prepared, or else

By Kelsey Ramírez | April 5, 2021 - 3:17 pm |April 5, 2021 Uncategorized

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CFPB continues watch of servicing industry as consumers exit forbearance Continue reading →

CFPB walks back on COVID appraisal flexibilities

By Kelsey Ramírez | April 2, 2021 - 2:27 pm |April 2, 2021 Uncategorized

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But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals. Continue reading →

What to look for in a closing disclosure form

By Marvin Stone | April 1, 2021 - 9:00 am |April 1, 2021 Uncategorized

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How long has it been since you updated your closing disclosure form? Here is a page-by-page breakdown of what you should review, verify, understand and inform clients about. Continue reading →

Trump administration announces halt on foreclosures and evictions

By Lillian Dickerson | March 18, 2020 - 9:22 pm |March 18, 2020 Uncategorized

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For now, evictions and foreclosures will be placed on a moratorium until the end of April. Continue reading →