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California's top financial regulator is stepping down

National Mortgage
Mortgage Finance
4 years ago

Manny Alvarez, the commissioner of California’s Department of Financial Protection and Innovation, is leaving the agency.Alvarez told staff Friday that,.. Read More;

post

The dangers of granting too much time for COVID mortgage delinquencies

National Mortgage
Mortgage Finance
4 years ago

The extra time afforded to distressed homeowners through mortgage forbearance is having a diminishing lift on the number of distressed,.. Read More;

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Heres whats in the CFPBs new FAQ on escrow rules

National Mortgage
Mortgage Finance
4 years ago

The agency is looking to clarify existing regulations around how these accounts are handled, based on questions it received.,.. Read More;

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Mortgage hiring estimates keep inching up, but not as fast as in 2020

National Mortgage
Mortgage Finance
4 years ago

Nonbank mortgage employment inched up in April and remained historically strong, according to the Bureau of Labor Statistics.There were an,.. Read More;

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Forbearance starts hit lowest weekly total since pandemics onset

National Mortgage
Mortgage Finance
4 years ago

At the end of May, the lowest number of mortgages started the forbearance process in a week since the pandemic,.. Read More;

post

Mortgage Lenders Handbook- clarity needed over electronic ID verification

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Like many other trends, the changes brought about by Covid-19 led to a huge acceleration in the adoption and use,.. Read More;

post

Lenders pledge support for newly-launched First Homes scheme

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The government launched the flagship initiative to provide homes at a discount of at least 30% compared to market price,.. Read More;

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Ecology raises the bar on green mortgages for self and custom-build homes

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The sustainable lender has increased the minimum energy rating level – known as the Standard Assessment Procedure (SAP) rating –,.. Read More;

post

GOP senator wants to cut deal on GSE reform. Will Democrats listen?

National Mortgage
Mortgage Finance
4 years ago

WASHINGTON — More than a decade after Fannie Mae and Freddie Mac were placed under government control, another senior lawmaker,.. Read More;

post

Mortgage profits became a little less spectacular in 1Q

National Mortgage
Mortgage Finance
4 years ago

Home lender profits in the first quarter fell from their recent peak, but set a survey record for the period,.. Read More;

post

Two senior CFPB enforcement officials to leave the agency

National Mortgage
Mortgage Finance
4 years ago

Two officials at the Consumer Financial Protection Bureau are leaving the agency, clearing the way for President Biden’s nominee to,.. Read More;

post

Late commercial mortgages at lowest level since pandemic began

National Mortgage
Mortgage Finance
4 years ago

Commercial mortgage delinquency rates continue to improve. Aside from a small uptick in multifamily properties, they fell in May to,.. Read More;

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