FHFA Announces Mandatory Use of SCIF
The Federal Housing Finance Agency (FHFA) on May 3rd, 2022, announced that new loans sold to Fannie Mae and Freddie Mac (GSEs) will...
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May 19, 20222 min
CFPB Examines Mortgage Servicers’ Response to Pandemic
On May 16, 2022, the CFPB published a metrics report examining mortgage servicer’s responses to the COVID-19 pandemic. The data,...
Apr 7, 20223 min
What's the Tea? A High-Level Overview of the Mortgage Industry
Margin compression continues to be a major challenge for lenders. Let’s look at the key factors recently affecting the financial markets...
Mar 24, 20223 min
UDAAP Now Includes Discrimination
Check out these excerpts from the recently updated CFPB Examination Manual regarding UDAAP and discrimination: Consumers must not be...
Mar 17, 20222 min
The “Doom Loop”: Federal No Surprises Act Enacts CFPB To Raise Medical Billing Concerns
The Consumer Financial Protection Bureau (CFPB), on March 1st, 2022, released a report summarizing key areas of concern in medical debt...
Mar 3, 20221 min
CFPB Tackles Algorithmic Bias in Home Valuations
The Central Financial Protection Bureau (CFPB) on February 23rd, 2022, outlined options to assist in ensuring accurate and fair...
Feb 24, 20222 min
FTC Warns VoIP Service Providers: Respond in Full or Be Sued
The US Federal Trade Commission (FTC), on February 14th, 2022, announced that it will take legal action against Voice-over-Internet...
Feb 10, 20222 min
Uncharted Waters Ahead for the CFPB: Are You Prepared for the Storm?
As mentioned in last week’s post, the CFPB has taken a particularly aggressive stance over the past year. Historically, this would signal...
Feb 3, 20222 min
Compliance is the Real Deal, Man!
A lot is happening in the world of compliance. Mortgage rates are rising, and lender’s margins are compressing. Concurrently, chatter...
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