NEWS: FHFA, CFPB Announce Borrower Protection Program

Borrower Protection

MBA Newslinks April 16, 2020 The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency. Under the program, the CFPB will make complaint information and analytical tools available to…

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NEWS: IMBs are the path to recovery, not the problem

IMB are path to recovery

David Stevens April 10, 2020 This has been an alarming thing to watch play out in real time. In the middle of a global pandemic, the administration and Congress passed sweeping legislation that could rock the foundation of the nation’s nonbank mortgage servicing for years to come. And while all of us “arm chair quarterbacks”…

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NEWS: New York state reverses prohibition on in-person showings, appraisals

Reverse Prohibition

Sarah Wheeler April 1, 2020 New York state announced Wednesday that it will allow those in real estate to resume providing some services, such as in-person showings, appraisals and inspections, something that had been forbidden by New York’s stay-at-home order on March 22. The Real Deal reported late Wednesday that New York Gov. Andrew Cuomo’s administration reversed…

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