Servicing

The number of loans going into coronavirus-related forbearance dropped for the third consecutive week, as the growth rate fell 8 basis points between June 22 and June 28, according to the Mortgage Bankers Association.

The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cellphones for government-related debt collection.

By providing flexibility for property tax payments localities can help keep local businesses going and maintain their tax base for the future.

The notice of proposed rulemaking was mandated by the Dodd-Frank regulatory relief act passed in 2018.

The mortgage insurer is receiving $528 million of coverage in the event of defaults in a $44 billion loan pool.

Tom Pahl, a former longtime regulator at the Federal Trade Commission, has led key rulemaking efforts for the consumer bureau.

Mortgage industry hiring and new job appointments for the week ending July 3.

Mortgage insurers had been operating under the belief that rules pertaining to natural disaster delinquencies apply with COVID-19, but now it's in writing.

The collateral in the $338 million also includes a large subset of mortgages (45% of the pool) that are considered "dirty current" loans with recent delinquent status.

The nonprofit, formed with the encouragement of government agencies to address borrower hardships in 2007, uses a model that has been challenged by the current crisis.