The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Politics & Money

California’s consumer protection watchdog is “mini CFPB”

Head of DFPI was an enforcement attorney at the bureau for three years

HW-capitol-sacramento

As the COVID-19 crisis wanes, so will emergency protections adopted in spring 2020 with the intention of keeping U.S. residents in their houses and apartments during the pandemic. California intends to exercise its new muscles on behalf of residents easing back into the normal flow of housing financial responsibilities, making the most of new authorities it has with the enactment on Jan. 1 of the California Consumer Financial Protection Law (CCFPL).  

The law expands the staff of the rechristened Department of Financial Protection and Innovation (previously known as the Department of Business Oversight) by about 90 more staffers and the budget by 15%, to fuel the department’s expanded vision. The wider scope of the department’s authority coincided with the wilting of the federal Consumer Financial Protection Bureau under the Trump administration.

Now, under the Biden administration, the CFPB is reinvigorated. This means that housing financial services companies and adjacent industries, such as the credit report sector, face strengthened regulators at both the state and federal levels.

California will make the most it, said DFPI Commissioner Manual Alvarez.

“Coming out of the recovery, our focus in California is to ensure that vulnerable populations are as protected as they can be and that we can do what we can to educate the public about rights and resources, especially in respect to housing and mortgage assistance. That’s priority one,” Alvarez said. “We have to be sure Californians come out of the economic recovery as best as possible.”

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