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Putting Communities First

The Office of the Comptroller of the Currency released its schedule for Community Reinvestment Act evaluations at national banks and federal savings associations. The evaluation will determine how well [...]

For Sale: Freddie’s Largest RPLs

Freddie Mac has announced plans to sell off a pool of $983 million in seasoned re-forming and moderately delinquent loans. This marks the second sale of its kind this [...]

Harvey Update: GSEs Announce Moratorium

Both of the Government Sponsored Enterprises announced Tuesday that they will assist homeowners affected by Tropical Storm Harvey as it continues to devastate the Gulf Coast. The post Harvey [...]

Counsel’s Corner: Matthew J. Richardson

Matthew J. Richardson is Manley Deas’ Director of Litigation and Compliance. Throughout his career, he has practiced in the areas of commercial and financial services litigation and currently focuses [...]

Easing the Burden

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 [...]

Is HECM Down for the Count?

Beset by uncertainty in the housing market, the Home Equity Conversion Mortgage Program (HECM) is losing money and cannot continue on in its present form. To make the program [...]

Banks: What Now?

The Office of the Comptroller of the Currency released a statement Tuesday permitting national banks and federal savings associations to close if directly affected by Tropical Storm Harvey. The [...]

AMDC Announces New Leadership from BofA

The American Mortgage Diversity Council (AMDC) has taken another step to promote inclusion with the recent addition of Kathy Cummings, SVP, Homeownership Solutions and Affordable Housing Programs at Bank [...]

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