• Black_and_white_gavel

    Bank fights for stake in PHH case to battle CFPB authority

    Lending

    "We are cautiously optimistic"


  • Lending

    "We are cautiously optimistic"

    State National Bank of Big Spring, Texas won’t back down easily. The bank continues to try and weigh in on the landmark case between PHH and the Consumer Financial Protection Bureau. Despite motions from other parties being denied, Competitive Enterprise Institute General Counsel Sam Kazman said they are “cautiously optimistic” that their recent motion to intervene will be approved.

This month in
HousingWire magazine

Cover Story
February 2017

Mortgage servicing boom

In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.

Feature

Servicing under Trump's administration

Servicing