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Modernizing the Community Reinvestment Act

The Chairman of the House Financial Services Committee, Maxine Watters, has authored a public letter with the backing of 76 of her Democratic colleagues in the House of Representatives, the Board of Governors of the Federal Reserve, the FDIC, and ...

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Unexplored Territory

The past 24-plus months have confronted the mortgage and servicing industries with challenges both daunting and immediate. DS News polled a cross-section of industry experts on what they’ve learned and where we go from here.

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Servicers Brace for Rise in Foreclosure Activity

Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.

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HUD Announces $2.8B of Funding to Help Combat Homelessness

The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide approximately $2.8 billion in competitive funding to homeless services organizations across the country for supportive services and housing programs for people experiencing homelessness. The funding ...

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Financial Services Committee Passes Bills to Protect Consumers

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to strengthen oversight of our nation’s affordable housing and address the housing and homeless crises, put consumers in the driver’s seat to shape their financial futures ...

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