CFPB Report: Share of Delinquent Mortgages Doubles During Pandemic
The number of homeowners that are behind on their mortgage has doubled since the beginning of the pandemic, with 6% ...
Tag: Servicing
ABA Urges CSBS to Align Standards for Nonbank Mortgage Servicers With Federal Regulators
The American Bankers Association submitted comments to the Conference of State Bank Supervisors last week urging that state regulators align ...
Top Bank Risks for 2021
A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.
Mortgage Servicing in the Age of COVID-19: Post-Forbearance
What happens when borrowers transition out of coronavirus-related mortgage forbearance and into other forms of loss mitigation assistance?
ABA, Trade Groups Weigh in on Proposed Changes to FHA Servicing Handbook
The American Bankers Association joined the Housing Policy Council and the Mortgage Bankers Association in a comment letter to the ...
Mortgage Forbearance in the Age of COVID-19
COVID-19 forbearance programs—and the rules, regulations and requirements that govern them—present a host of new and unique compliance challenges for ...
Can a Bank Lose its Small Servicer Exemption if it Originates Mortgage Loans That It Sells But Still Services?
…and other answers to your compliance questions in the September/October 2020 ABA Regulatory Policy and Compliance Inbox.
ABA Supports Flexibility for Servicers Offering Forbearance Options to Borrowers
In a comment letter to the Consumer Financial Protection Bureau yesterday, the American Bankers Association supported a recent interim final ...
California Bankers, ABA Oppose Golden State Forbearance Bill
ABA joined the California Bankers Association and other industry groups in a letter opposing A.B. 1436, a bill introduced in ...
Fannie, Freddie Announce Disaster Payment Deferral Option
Fannie Mae and Freddie Mac today announced a new disaster payment deferral option for servicers to offer customers
