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OCC Approves NYCB/Flagstar Merger

Once finalized, the combined entity will operate nearly 400 branches across nine states, and its mortgage division will operate nationally through 81 retail lending offices in 26 states, with a wholesale network of approximately 3,000 third-party originators.

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CFPB Releases New Thresholds

Adjusting the exemption amounts for special appraisal requirements, the CFPB, Federal Reserve, and the Office of the Comptroller of the Currency have revised dollar thresholds to match wage increases as measured by the CPI-W.

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Fannie Mae Onboards New Chief Risk Officer

Fannie Mae has announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer (CRO), effective starting in the fourth quarter 2022. In this role, Moon will be responsible for Fannie Mae’s Enterprise Risk Management, which oversees ...

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Fannie Mae Chief to Receive Award for Forecast Accuracy

As economic uncertainty continues amidst market turmoil and talks of recession, Fannie Mae Senior Vice President and Chief Economist Douglas G. Duncan predicts a modest recession, characterized by competing effects of inflation and a strong labor market.  Duncan will deliver ...

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Aspen Grove Debuts New Collections Solution for Servicers

Aspen Grove Solutions has announced the launch of a new collections solution for the mortgage servicing space.  Aspen’s collections product guides both an associate and borrower through a series of micro-journeys built to investor and organizational compliance. Each micro-journey is ...

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