Saturday , 23 January 2021

Settlements and Super Lien News; Not Everyone is Raving About FHA Changes

By Rob Chrisman

Posted To: Pipeline Press

Not everyone is wild about the FHFA (which oversees Freddie & Fannie) joining the Federal Home Loan Bank System. Last week the MBA submitted its comments to the Federal Housing Finance Agency strongly opposing the proposed Federal Home Loan Bank System membership rule. And while we’re discussing the junction between the government and the banking system, how about this story of impropriety from several years ago about the recent Obama nominee to the Federal Reserve? Litigation, the potential for litigation, or the impact of litigation, is impacting all aspects of residential lending. Servicers are fervently tracking super lien news , and Friday a story broke in MarketWatch titled, “Condo-fee foreclosures become headache for homeowners” . Bank of America has agreed to a settlement with Utah…(read more)

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