Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.

CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.

Joe Gormley nominated for Ginnie president; UBS pays DOJ to end lingering non-agency MBS obligations from Credit Suisse; Chase marketing non-agency MBS with reperforming loans.

CFPB moves Section 1071 compliance dates forward; ICE launches APOR Index; CFPB to continue lawsuit against Student Loan Pro; DOJ seeks to end Lakeland Bank consent order early; California’s CRA bill moves forward; CFPB acting enforcement director resigns; Georgia approves changes to residential mortgage licensing law; RiskExec updates software to comply with the NY CRA.

The trade group said federal banking regulators have shifted from relying on evidence of intentional discrimination to bring redlining claims to using a “proportional distribution test.”

FHFA’s director alleges that New York State Attorney General Letitia James lied on mortgage applications in order to qualify for GSE loans.

The FHFA director believes mortgage fraud is rampant at Fannie and Freddie. That includes allegations that New York Attorney General Letitia James, a nemesis of President Trump, fraudulently obtained GSE-backed loans. James denies the allegations.

FHFA removed reference to DEI on the GSE scorecard. Are SPCPs next on the chopping block?

The Mortgage Firm allegedly engaged in discriminatory lending practices in predominately Black and Hispanic neighborhoods in the Miami-Fort Lauderdale-West Palm Beach metro area.

More than 450 mortgage loans, many of them insured by FHA, were approved based on fabricated documents tied to the guilty plea.