Incoming: Flood Insurance Premium Changes from Risk Rating 2.0
Flood insurance providers may begin communicating often substantial rate increases to borrowers this month. Here’s how to prepare for customer ...
Tag: Servicing
Banking, Consumer Groups Call for Changes to FHA’s Proposed Defect Taxonomy
The American Bankers Association, the Housing Policy Council and the Mortgage Bankers Association today offered comments on recent proposed changes ...
FDIC Approves Final Rule Simplifying Deposit Insurance for Trust, Mortgage Servicing Accounts
The FDIC today approved a final rule to simplify deposit insurance calculations for revocable trusts, irrevocable trusts and mortgage servicing ...
Mortgage Servicers Face Forbearance-Exit Tsunami and Aggressive Regulators
“We think the new administration will be aggressive and, quite frankly, willing to press the boundaries, since they can’t really ...
CFPB, DOJ Remind Servicers of Veteran, Service Member Rights As COVID Forbearance Ends
With many COVID-19 mortgage forbearance programs winding down, the CFPB and the Department of Justice today sent letters to mortgage ...
CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and ...
Bowman: Concerns Persist on Nonbank Servicer Regulation
Federal Reserve Governor Michelle Bowman remains “concerned about some of the differences in the prudential oversight of banks and nonbank” ...
FHA Proposes Changes to Defect Taxonomy
The Federal Housing Administration in recent days posted draft updates for comment on the defect taxonomy for servicing loan reviews, ...
ABA Supports Changes to Eligibility Requirements for Single Family MBS Issuers
The American Bankers Association today wrote to Ginnie Mae in response to a recent request for input on eligibility requirements ...
ABA Urges FDIC to Modify Proposed Deposit Insurance Rules for Trust, Mortgage Servicing Accounts
The American Bankers Association and two other banking trade groups urged the FDIC yesterday to address concerns about proposed changes ...
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