CFPB doubles down against marketing services agreements

CFPB doubles down against marketing services agreements

Underscores that MSAs could constitute mortgage kickbacks

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

HAMP Mods Up 41% in September: FHFA

Trial loan modifications under the Making Home Affordable Modification Program (HAMP) were up 41% in September compared to August, the Federal Housing Finance Agency (FHFA) said. Fannie Mae (FNM) and Freddie Mac (FRE) had a combined 286,000 mortgages in the three-month trial stage of a HAMP modification. In August, that figure was 202,200. Completed loan modifications declined for the fourth consecutive month to 7,100 in July, according to the latest data available. Short sales increased by 24% in July from June to 5,500. Delinquencies were also on the rise and approximately 74,200 new loans became 60 or more days delinquent. There are now 1.4m mortgages 60 or more days delinquent, but not yet to foreclosure proceedings. Foreclosure starts decreased 30% in July compared to June to nearly 85,300. Foreclosure and third-party sales increased slightly to 25,000 in July up from 24,700 in June, the FHFA said. Write to Austin Kilgore.

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