More than 1 million homeowners feared imminent foreclosure in December


While loan performance is improving in aggregate, some borrowers remained unaware of the relief available or were unable to access it, according to the Research Institute for Housing America.


A Biden CFPB could put pressure on mortgage servicers


The Consumer Financial Protection Bureau has taken a hands-off approach to servicers during the pandemic. But with forbearance plans set to expire and President-elect Biden likely to appoint new CFPB leadership, companies lacking aggressive plans to help borrowers could face tougher enforcement.


Mr. Cooper to pay $91 million to settle CFPB servicing case


The complaint dates back to 2014 state regulator examinations when the company was known as Nationstar.


‘Enigmatic’ CFPB chief could drop more surprises in a second Trump term


Kathy Kraninger’s job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue balancing a deregulatory agenda with her unexpectedly tough stance on enforcement.


Fed’s Wells Fargo review should consider forbearance snafu: Warren


Customers suffered when they were placed in mortgage relief plans without their consent, the Massachusetts senator says. She urged the Federal Reserve to take the blunder into account as it weighs when to lift other sanctions against the bank.


State regulator group offers guidance for mortgage servicing oversight


The proposed best practices would be modeled after federal servicing standards and be used to supervise nonbanks firms subject to state regimes.


Flagstar promotes Lee Smith to head its mortgage business


The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.


‘I’m a budget nerd’: How new FHA chief is confronting pandemic


Dana Wade, a former OMB official, says a strong capital footing will help the Federal Housing Administration weather an uptick in delinquencies and ensure the mortgage market is viable once the economy recovers.


Wells Fargo buys $14B of delinquent mortgages tied to pandemic


The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.


Supreme Court ruling eliminates autodialer use for FHA, VA collections


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