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” ...
Tag: Servicing
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 ...
CFPB Issues Report on Mortgage Servicing During COVID-19
The Consumer Financial Protection Bureau today released a report highlighting data collected from 16 bank and non-bank mortgage servicers between ...
J.D. Power: Consumer Satisfaction with Mortgage Servicers Rises
Customer satisfaction with mortgage servicers industrywide increased six points to 787 on a scale of 1,000 during the pandemic, according ...
CSBS Issues Model Prudential Standards for Nonbank Mortgage Servicers
As advocated by American Bankers Association, the Conference of State Bank Supervisors today published model state regulatory prudential standards for ...
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and their associated timelines were submitted ...
ABA Calls for Changes to CFPB Proposal to Assist Mortgage Borrowers Affected by COVID-19
The American Bankers Association yesterday offered several changes to a recent proposal by the Consumer Financial Protection Bureau to facilitate ...
The Long Shadow
COVID-19 continues to pose significant compliance challenges for mortgage servicers.
