The Consumer Financial Protection Bureau (CFPB) has proposed new rules designed to make it easier for homeowners to get help when they are struggling to pay their mortgage. According to the CFPB, the proposed changes would require mortgage servicers to focus on...
The Federal Housing Administration (FHA) published translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. The...
The Consumer Financial Protection Bureau (CFPB) ordered three reverse mortgage servicing companies to cease operating in their industry, citing what the regulator described as “illegal activities that harmed older homeowners and caused them to fear losing their...
The nonbank mortgage servicer Ocwen Financial Corporation has begun operating under its new brand name Onity Group Inc. The West Palm Beach, Florida-based company’s common stock will begin trading today on the New York Stock Exchange under the symbol “ONIT.” Onity’s...
A total number of 110,000 homeowners were in forbearance plans during April, according to data from the Mortgage Bankers Association (MBA). The total number of loans in forbearance remained unchanged at 0.22% from one month earlier. Last month, the share of Fannie Mae...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
