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Daily Dose

Updated Final CFPB Rules Increase Servicer Liability

Cast as “rule clarifications,” the CFPB's updated final mortgage servicer rules do contain a large number of new, additional requirements that are already being discussed and digested by the servicing industry. This select print feature originally appeared in the January 2017 issue of DS News.

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The Week Ahead: Inaugurating a New President

After two months of transition following November’s presidential election, Donald J. Trump is scheduled to be sworn in as the 45th President of the United States this Friday. The housing industry has been following the transition closely.

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Credit Unions Support OCC’s FinTech Proposal, Sort Of

The National Association of Federally-Insured Credit Unions is behind the Office of the Comptroller of the Currency's recently proposed initiative to allow FinTechs to operate as banks, but it also believes these companies should be held to the same standards and regulations as other financial institutions.

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A Mixed Bag of Profitability and Mortgage Income

Bank of America, JPMorgan Chase, PNC, and Wells Fargo posted solid revenues to end 2016, though net income was down for two of them, according to the banks' latest earnings reports. How did mortgage income fare at these institutions?

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Get Ready for Higher GSE Modification Rate

Mortgage interest rates were down for the second consecutive week following eight weeks of increases, but Fannie Mae and Freddie Mac raised their standard mortgage modification rate for the second time in a month up to its highest level since mid-2015.

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