Archives For: Industry Update
CFPB: Compliance Bulletin Warns Mortgage Servicers
The Consumer Financial Protection Bureau (CFPB) issued a bulletin warning mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures later this year.
1 Apr 2021
CFPB: Temporary Policy Statements Rescinded to Ensure Compliance
The Consumer Financial Protection Bureau (CFPB) announced that it is rescinding seven policy statements issued in 2020 that provided temporary flexibilities to financial institutions in consumer financial markets, including mortgages. The rescissions will become on effective April 1, 2021,
31 Mar 2021
CFPB: Report Highlights More Than a Half-Million Complaints in 2020
The Consumer Financial Protection Bureau (CFPB) issued its Consumer Response Annual Report for 2020. The report reflects issues consumers reported to the bureau throughout the year as influenced by numerous factors, including changing market conditions.
24 Mar 2021
Senate Vote Confirms Marcia Fudge as HUD Secretary
The U.S. Department of Housing and Urban Development (HUD) announced that Marcia L. Fudge has been sworn in as the eighteenth department secretary.
10 Mar 2021
CFPB: Housing Insecurity and the COVID-19 Pandemic
The Consumer Financial Protection Bureau (CFPB) issued a report summarizing some of the relevant data and research associated with the impact of the COVID-19 pandemic on the rental and mortgage market. Specifically, it outlines the risk of widespread evictions and foreclosures once federal, state and local pandemic protections come to an end.
1 Mar 2021
Texas Judge Finds National Eviction Ban Unconstitutional
CNBC published an article outlining a recent ruling by a Texas federal judge that has designated the current national eviction ban as being unconstitutional.
26 Feb 2021
Resource: Eviction, Mortgage and Foreclosure Relief During COVID-19
Justia has created an online resource featuring a comprehensive state-by-state review of COVID-19 eviction and foreclosure protections as well as a summary of associated federal actions.
19 Feb 2021
NY Court of Appeals Rules on Foreclosure Deceleration, SOL
DS News published an article discussing a recent New York Court of Appeals decision that provided clear rules around the statute of limitations for foreclosure actions within the state. The article features commentary from McCalla Raymer Leibert Managing Partner Rich Haber.
18 Feb 2021
Janet Yellen Sworn In As Secretary of the U.S. Department of the Treasury
The U.S. Department of the Treasury announced that Janet L. Yellen has been administered the oath of office to become its 78th secretary.
26 Jan 2021
Treasury Announces Appointment of Key Members of Staff
The U.S. Department of the Treasury announced new members of staff who will serve in key roles.
25 Jan 2021