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On January 30, the CFPB issued a report highlighting mortgage servicing problems in 2013, including various violations of the Dodd-Frank Act’s ban on unfair, abusive and deceptive acts.

On August 21, the CFPB issued a report which details mortgage servicing problems at banks and nonbanks, which include: (i) "sloppy" account transfers; (ii) poor payment processing; and (iii) loss mitigation mistakes. CFPB Release. CFPB Report.

As previously reported, in August 2020 the CFPB released the Home Mortgage Disclosure Act (HMDA) Filing Instruction Guide (FIG)

How are regulatory pressures, technological innovation, and market consolidation transforming the mortgage servicing industry? Industry leaders explore the shift from cost-driven outsourcing to expertise-focused partnerships...

The CFPB has reached a settlement with VyStar Credit Union to resolve allegations that its defective new online banking platform violated the Consumer Financial Protection Act of 2010.

Directs federal housing agencies to reduce homeownership costs by facilitating proactive mortgage-insurance cancellation, standardizing manufactured-housing requirements...

The Progress Report describes activities Fannie Mae and Freddie Mac undertook in 2014 to further FHFA’s conservatorship goals: Maintain, Reduce, and Build.

On January 18, 2017, the Federal Housing Finance Agency (the "FHFA") announced its request for public comment on (i) proposed chattel loan pilot initiatives for Fannie Mae and Freddie Mac and

On March 2, FHFA announced changes to requirements for sales of non-performing loans (NPLs) by Freddie and Fannie to reduce the number of severely delinquent loans held in their inventories and to transfer risk to the private sector.

Companies should take the next few weeks to review internal compliance and reporting programs, as well as internal investigations procedures before the final whistleblower rules under the Dodd-Frank Act are released by the SEC (Securities & Exchange Commission).

On February 14, Judge Analisa Torres of the United States District Court for the Southern District of New York granted in part defendant Sand Canyon Corporation's motion to dismiss the amended complaint of plaintiff Homeward Residential related to Option One Mortgage Loan Trust 2006-3.

On March 26, 2012, the House of Representatives passed the version of the Jumpstart Our Business Startups (JOBS) Act that was approved by the Senate on March 22, 2012.

In Mortgagee Letter 2020-34, dated October 20, 2020, the U.S. Department of Housing and Urban Development extended the date for approving an initial COVID-19 forbearance with an FHA loan, or a COVID-19 extension ...

BoNY's primary claim, for breach of representations and warranties, was not a subject of the motion for partial summary judgment.

Law Elevated explores the latest trends, issues and perspectives facing the legal industry and is written by the attorneys of Butler Snow.

On February 4, Morgan Stanley disclosed in a regulatory filing that it has agreed, in principle, to a settlement for US$1.25 billion with the Federal Housing Finance Agency to resolve claims pending in the United States District Court for the Southern District of New York related to the sale of US$10.58 billion in RMBS between 2005 and 2007.

On February 13, Justice Eileen Bransten of the Supreme Court of the State of New York dismissed in part a second amended complaint filed by U.S. Bank as trustee for HarborView Mortgage Loan Trust, Series 2005-10.