Fannie Mae reclaimed the lead in retained portfolio growth last month, pushing to a new record after a year in which Freddie Mac had outpaced its rival. Processing Content Fannie reported that its retained portfolio jumped to $174.84 billion in April from $168.74 billion the previous month. Freddie’s inched up to $141.81 billion from […]
Fannie leads portfolio growth but Freddie ahead in acquisitions Read More »
A new Minnesota bill signed into law last week will require mortgage servicers to maintain recordings of all customer telephone interactions for five years, alongside a host of tightened rules affecting escrow and account transfers. Processing Content Under the new law, companies servicing more than 500 residential loans in the North Star State must record
Minnesota mandates recording of most mortgage servicing calls Read More »
Processing Content Key insight: Audits of both the Federal Reserve Board and the Consumer Financial Protection Bureau found each agency’s security systems had declined. What’s at stake: The findings come at a time when banks face an unprecedented wave of sophisticated cyber threats, raising questions about data protection. Forward look: The OIG also found lag
Watchdog warns of failures in Fed and CFPB security programs Read More »