A ruling by a district court on a cybersecurity incident at Lakeview Loan Servicing could create challenges for other financial entities under the work-product doctrine.
Cases in which the bureau is seeking to terminate its consent order early or has sought to vacate are tied to Wise US, Toyota Motor Credit Corp., Townstone Financial and Trustmark National Bank.
The 2023 disparate-impact standard doesn’t align with the policy of the Trump administration and should be replaced by a 2020 version, the trade group said.
The FHFA director’s criticism of FICO gave lenders a chance to call for price reductions on credit scores and reports. FICO countered by saying its wholesale prices are a tiny fraction of closing costs.
The controversial software giant will use its AI-powered financial crimes detection technology to scour Fannie’s vast databases for signs of mortgage fraud, starting with multifamily loans.
A coalition of more than two dozen affordable and fair housing advocacy groups urged FHFA and HUD to reverse course on staffing cuts and program eliminations.