Mortgage quality control report reveals sharp rise in insurance defects by Kennedy Edgerton for HousingWire

HousingWireHousingWire The overall defect rate for mortgages declined across all loan types between the second and third quarters of 2024. But errors related specifically to insurance increased significantly, growing to 3.03% of all defects, according to a report released Thursday by ACES Quality Management. ACES releases a quarterly report that…

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Could government funding scrutiny come for reverse mortgage programs? by Chris Clow for HousingWire

HousingWireHousingWire Housing leaders are naturally interested in knowing how recent cost-cutting efforts by the federal government could be focused upon the U.S. Department of Housing and Urban Development (HUD) and its wide array of programs, including reverse mortgages. In the first Trump administration, housing officials took a measured but disruptive…

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Legal experts weigh in on the CFPB and the future of regulation by Brooklee Han for HousingWire

HousingWireHousingWire The Consumer Financial Protection Bureau (CFPB) may have yet another new director in Jonathan McKernan, but the bureau is still effectively shut down thanks to actions taken by McKernan’s two most recent predecessors, Scott Bessent and Russell Vought, who both served as acting director.  While enforcement experts believe the…

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