Posted To: Pipeline Press

The 10-year yield back down to 1.24 percent!? Watch those early pay off penalties. Along those lines, are you servicing loans? Mind your p’s and q’s, and then some. The report from the CFPB shows the agency is making it clear that it intends to prioritize monitoring mortgage servicers and how they are dealing with struggling borrowers. This is just one example of the interaction with, some would say interference by, the U.S. government in housing. The Center for Disease Control (CDC)’s edict on housing policy and shielding prompted one regional production manager from Massachusetts to write, asking, “Presidential administrations cause enough trouble and confusion setting housing policy. Now we have the CDC involved? Are we bringing back leper colonies?” As part…(read more)

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Source: Mortgage News Daily