Servicing

Paul Davis
December 8, 2020 1:20 PM

Some lenders are poring over commercial portfolios more frequently than normal — perhaps as often as once a month — to uncover problems hidden by payment deferrals and government stimulus before it's too late.

2 Min Read
FHA mutual mortgage insurance fund's capital ratio
November 13, 2020 3:32 PM

The Federal Housing Administration said in its annual actuarial report that the capital reserve ratio on its mutual mortgage insurance fund increased to 6.10% in fiscal year 2020, up from 4.84% a year earlier.

3 Min Read
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Borrower relief is necessary in a national emergency, but if the exclusion of the deferred loans from troubled-debt restructurings is extended past the end of the year, safety and soundness could be compromised.

4 Min Read
Mortgages in forebearance
Kate Berry
May 26, 2020 9:00 PM

Forecasts about the pandemic's impact on the mortgage market have grown less dire after forbearance requests by homeowners nearly leveled off in the first half of May.

5 Min Read
May 15, 2020 2:19 PM

Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.

2 Min Read
Consumer survey on consumers' ability to weather loss of income
Kate Berry
May 10, 2020 9:00 PM

Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the coronavirus relief law.

6 Min Read
The CFPB said it will consider “good-faith efforts” by servicers to prevent consumer harm and comply with regulations in the event that a regulator or other entity requests a servicing transfer.
Kate Berry
April 24, 2020 6:17 PM

The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during the economic downturn.

2 Min Read
Kate Berry
April 15, 2020 9:30 PM

The agency is still moving forward on key regulations dealing with payday lending and mortgage underwriting despite new demands posed by the crisis.

5 Min Read
“Through the partnership being announced today, the Bureau will share our insights with FHFA and ensure we get their data on how mortgage servicers are working with their customers during this critical time and going forward,” said CFPB Director Kathy Kraninger.
Kate Berry
April 15, 2020 1:06 PM

The Borrower Protection Program enables the two agencies to exchange information about loss mitigation efforts and consumer complaints regarding specific servicers.

1 Min Read
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Brad Finkelstein
April 13, 2020 3:10 PM

Researchers predict that the rate will rise in step with unemployment rate projections.

2 Min Read