The Consumer Financial Protection Bureau, the Federal Trade Commission and 48 states, the District of Columbia and Puerto Rico announced a global settlement with Equifax that provides up to $700 million in monetary relief and penalties.
Remodeling, Home Improvement Forecasts Take Downward Turn
Growth in residential remodeling, which until recently had experienced steady if unspectacular growth, is showing signs of a longer-term slowdown, according to several reports.
CFPB: 1 in 4 Consumers Have at Least One Debt in Collection
The Consumer Financial Protection Bureau released a report yesterday saying more than one in four consumers with a credit report have at least one debt in collection by third-party debt collectors.
Black Knight June ‘First Look' Sees Calendar-Driven Spike in Delinquencies
Black Knight, Jacksonville, Fla., issued its June ‘First Look' Mortgage Monitor, noting a seasonal quirk resulted in a spike in mortgage delinquencies from May's record low.
Life Insurers' CRE Mortgage Exposure Grows
Fitch Ratings, New York, said U.S. life insurers' exposure to mortgages increased to nearly 13 percent of invested assets at year-end 2018, up from 12.4 percent a year ago.
CMBS Special Servicing Rates Diverge
The commercial mortgage-backed securities special servicing rate settled down in June after two "roller coaster" months, but drilling deeper reveals an interesting trend, reported Trepp, New York.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C. Early registration deadline is Monday, Aug. 12.
MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.
Equifax Hasn't Heard the Last from Congress about Data Breach
National Mortgage News, July 22, 2019--Neil Haggerty (subscription)
FHFA's Calabria: No Trump GSE Plan Until August or September
National Mortgage News, July 18, 2019--Hannah Lang (subscription)
Lawmakers Unveil Competing Flood Insurance Bill
National Mortgage News, July 16, 2019--Hannah Lang (subscription)
FDIC Plan Would Ease Requirement for Banks Selling Mortgage Securities
Wall Street Journal, July 16, 2019--Lalita Clozel (subscription)
Former Freddie Mac CEO Says GSEs Should Be Regulated Like Utilities
HousingWire, July 16, 2019--Kathleen Howley
Almost 40% of U.S. Homes Are 'Free and Clear' of a Mortgage
Bloomberg, July 17, 2019--Shelly Hagan
Federal Court Blocks HUD Guidance on Down Payment Assistance
National Mortgage News, July 17, 2019--Hannah Lang (subscription)
Emboldened by CECL Delay, Industry Seeks Repeal
American Banker, July 17, 2019--John Reosti (subscription)
Court Tells Calif. to Use Mortgage Settlement Money to Help Homeowners
San Francisco Chronicle, July 17, 2019--Bob Egelko
Here's Why FHA's Recent Moves to Cut Insurance Premiums Won't Boost Its Market Share
HousingWire, July 18, 2019--Jessica Guerin
Homeowners Refuse to Tap into Massive Equity. Is that a Mistake?
The Mortgage Reports, July 19, 2019--Erik J. Martin
Bank of America Claims Ditech's Sale of RMS 'Threatens to Abandon' Elderly Reverse Mortgage Borrowers
HousingWire, July 19, 2019--Jessica Guerin
ARM, HELOC Mortgage Borrowers Could Get a Break if Fed Lowers Rates
Bankrate.com, July 22, 2019--Natalie Campisi