The trade group said aligning data elements of two mortgage forms would give state regulators more access to information for monitoring company performance, conducting exams and identifying emerging risks.
A New York appeals court will consider a case involving the constitutionality of the state’s Foreclosure Abuse Prevention Act; Academy Mortgage settles sexual harassment charge; Republicans revisit limiting the CFPB’s reach on insurance.
Pulte suggests no end to conservatorship, but that doesn’t stop the debate about how an exit would work and what the government should do with its windfall.
Although industry stakeholders look forward to the rental payment data and cash flow underwriting capabilities of VantageScore 4.0, most expect the transition to take a while.
A rare wave of bipartisanship swept through Congress last week, propelling a key piece of housing legislation through the Senate Banking Committee. And there are separate proposals in the House.
A group of U.S. citizens of Indian background sued Fannie Mae for discrimination after being terminated for alleged unethical behavior in relation to the company’s charitable grants program.