CFPB Doubles Down on Mortgage Servicing Enforcement

As stated in the Housing Wire article on January 29, 2021 the CFPB promises bold and swift action to send a message. The new acting director of the Consumer Financial Protection Bureau (CFPB), Dave Uejio, told staff in an email on Thursday that the bureau will direct...

Solar Winds Orion Breach Exposure

Regarding the recent Security incident, involving Solar Winds, please be advised that the StoneHill Group (TSG) has not been affected by the Solar Winds breach. TSG does not use any SolarWinds products. We have also contacted all our 3rd party vendors and SolarWinds...

New Agency Updates to COVID-19 as of June 26, 2020

The StoneHill Group continually monitors the mortgage industry for changes that impact our clients. Here are the most recent Agency updates. June 26, 2020 Temporary Waiver of QC Requirements for Early Payment Defaults Today, June 22, 2020, FHA issued a temporary...

New Agency Updates to COVID-19 as of June 8, 2020

Fannie Mae Requirements for borrowers using self-employment income to qualify Effective: Lenders are encouraged to apply these requirements to existing loans in process; however, they must be applied to loans with application dates on or after Jun. 11, 2020 until...