February 8, 2024
Why Does a Bank Sell Your Mortgage?
I was quoted in Marketplace’s story, Why Does a Bank Sell Your Mortgage? You can listen to it here. The transcript opens, Right after Marc Hill bought his first home, a townhouse north of Chicago, in the summer of 2019, … Continue reading
February 8, 2024 in servicers | Permalink | No Comments
January 30, 2018
The Mortgage Servicing Collaborative
The Urban institute’s Laurie Goodman et al. have announced The Mortgage Servicing Collaborative: All mortgage market participants share the same goal: successful homeownership. Failure to achieve that goal hurts not only consumers and neighborhoods, but investors, insurers, guarantors, and servicers. … Continue reading
January 30, 2018 in servicers | Permalink | No Comments
July 27, 2016
Regulating Small Lenders
The Consumer Financial Protection Bureau is often subject to a lot of criticism for imposing a heavy regulatory burden on small community banks and credit unions (together, community lenders). A recent Government Accountability Office report, Community Lenders Remain Active under New Rules, … Continue reading
July 27, 2016 in servicers | Permalink | No Comments
May 2, 2016
Nonbank Servicers Pose Risks for Homeowners
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has released its Quarterly Report to Congress (April 27, 2016). The Report focuses on how nonbank servicers raise risks for homeowners participating in the Home Affordable Modification … Continue reading
May 2, 2016 in servicers | Permalink | No Comments
