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CFPB offers templates for banks, servicers to seek 'no-action' letters

National Mortgage
Mortgage Finance
6 years ago

The Consumer Financial Protection Bureau took steps to help banks gain approval for offering small-dollar installment loans and to enable,.. Read More;

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Starwood makes concessions to COVID-19 risks in $538M non-QM RMBS

National Mortgage
Mortgage Finance
6 years ago

Starwood Capital Group is adapting its RMBS strategy for COVID-19, most notably through additional protections for senior noteholders to mitigate,.. Read More;

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Experian launches synthetic identity detection service

National Mortgage
Mortgage Finance
6 years ago

The credit bureau Experian is launching a service called Sure Profile that it says will help banks detect synthetic identities,.. Read More;

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Central Ohio home sales slip as coronavirus fallout takes toll

National Mortgage
Mortgage Finance
6 years ago

Central Ohio home sales fell sharply in April and dropped to their lowest level in a decade nationally, as the,.. Read More;

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Hardships rise, delinquencies fall as CARES Act changes credit reports

National Mortgage
Mortgage Finance
6 years ago

The terms of the coronavirus rescue package prohibit mortgage servicers from recording related forbearance as delinquent to the credit bureaus,,.. Read More;

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Britons allowed to skip mortgage payments for three more months

National Mortgage
Mortgage Finance
6 years ago

British mortgage borrowers will be allowed to skip payments for three more months as regulators aim to ease coronavirus-driven stress,.. Read More;

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Record reserves for bad loans set to gut Canadian banks' profits

National Mortgage
Mortgage Finance
6 years ago

Canada’s six biggest banks are poised to set aside C$8.9 billion ($6.4 billion) for souring loans in the fiscal second,.. Read More;

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BSA research: mortgage holidays have been helpful for borrowers

Mortgage Finance Gazette
Mortgage Finance
6 years ago

Robin Fieth, chief executive of the BSA, said: “We welcome today’s announcements by the Economic Secretary to the Treasury and,.. Read More;

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Mortgage payment holidays likely to be extended

Mortgage Finance Gazette
Mortgage Finance
6 years ago

The proposals, which have yet to be confirmed, will mean that lenders should continue to offer support to people who,.. Read More;

post

People on the move: May 22

National Mortgage
Mortgage Finance
6 years ago

CaliforniaAnaheimCarrington Mortgage Services has promoted Kevin DeLory to senior vice president, wholesale and correspondent. ,.. Read More;

post

Forbearances slow but May could see 'sharp increase' in delinquencies

National Mortgage
Mortgage Finance
6 years ago

The number of homeowners requesting forbearances was down again from a week ago, according to Black Knight. Forbearance volume increased,.. Read More;

post

Twin Cities home sales hit virus wall; median price tops $300,000

National Mortgage
Mortgage Finance
6 years ago

With the economy in a coma and most open houses closed, home buying in the Twin Cities slumped last month.,.. Read More;

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