Jun 2, 20222 minFHFA Announces Mandatory Use of SCIFThe Federal Housing Finance Agency (FHFA) on May 3rd, 2022, announced that new loans sold to Fannie Mae and Freddie Mac (GSEs) will...
May 19, 20222 minCFPB Examines Mortgage Servicers’ Response to PandemicOn May 16, 2022, the CFPB published a metrics report examining mortgage servicer’s responses to the COVID-19 pandemic. The data,...
Apr 7, 20223 minWhat's the Tea? A High-Level Overview of the Mortgage IndustryMargin compression continues to be a major challenge for lenders. Let’s look at the key factors recently affecting the financial markets...
Mar 24, 20223 minUDAAP Now Includes DiscriminationCheck out these excerpts from the recently updated CFPB Examination Manual regarding UDAAP and discrimination: Consumers must not be...
Mar 17, 20222 minThe “Doom Loop”: Federal No Surprises Act Enacts CFPB To Raise Medical Billing ConcernsThe Consumer Financial Protection Bureau (CFPB), on March 1st, 2022, released a report summarizing key areas of concern in medical debt...
Mar 3, 20221 minCFPB Tackles Algorithmic Bias in Home ValuationsThe Central Financial Protection Bureau (CFPB) on February 23rd, 2022, outlined options to assist in ensuring accurate and fair...
Feb 24, 20222 minFTC Warns VoIP Service Providers: Respond in Full or Be SuedThe US Federal Trade Commission (FTC), on February 14th, 2022, announced that it will take legal action against Voice-over-Internet...