Archives For: Industry Updates
FHFA: Refinance Report – First Quarter 2019
The Federal Housing Finance Agency (FHFA) issued its first quarter 2019 Refinance Report.
20 May 2019
Baltimore Ransomware Attack Cripples City’s Mortgage Operations
The Baltimore Sun published an article outlining issues stemming from a May 7 cyber attack that has compromised the City of Baltimore’s government servers.
14 May 2019
CFPB: Senior Leadership and Executive Team Additions
The Consumer Financial Protection Bureau (CFPB) announced additions to its senior leadership and executive teams.
13 May 2019
CFPB: Director Kraninger Announces Deputy Director
The Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger announced that Brian Johnson will serve as deputy director.
13 May 2019
CFPB: Plan to Review Rules Under the Regulatory Flexibility Act
The Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input.
13 May 2019
Foreclosure Reform Bills Proposed in New Jersey
The office of New Jersey Governor Phil Murphy issued a press release outlining the approval of a package of bills aimed at improving foreclosure rates across the state. Included is A4997 (Mortgage Servicers Licensing Act), a bill that will require any person acting as a mortgage servicer to obtain a license from the Commissioner of Banking and Insurance for each main office and each branch office where business is conducted.
30 Apr 2019
NYDFS Launches Consumer Protection and Financial Enforcement Division
The New York Department of Financial Services (NYDFS) announced the appointment of Katherine A. Lemire as the executive deputy superintendent of the newly created Consumer Protection and Financial Enforcement Division.
29 Apr 2019
Mortgage Servicing Professionals Meet With HUD for Policy Discussion
DS News published an article highlighting a meeting between the National Mortgage Servicing Association’s (NMSA) Joint Federal Agency Task Force and HUD that took place in Washington, D.C.
25 Apr 2019
New Jersey Bill Aims to Allow Municipal Property Registration
S3482 was introduced in the New Jersey Senate on February 14 and has been referred to the Senate community and Urban Affairs Committee. The legislation would permit municipalities to register vacant and abandoned properties and to utilize registration fees to maintain them.
24 Apr 2019
Urban Institute: Options for Reforming the Mortgage Servicing Compensation Model
The Urban Institute published a report examining three options for the mortgage servicing compensation structure.
19 Apr 2019