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.
First-quarter results are beginning to roll in — along with the news that servicing values were lower than at yearend. With MSR demand red hot, the industry isn’t losing any sleep.
The Community Home Lenders of America urged members of Congress not to approve fee increases for GSE and government-backed loans in the 2025 fiscal year budget.
The new preliminary injunction allows for the Trump administration to fire CFPB employees and issue a reduction-in-force to employees, as long as the administration abides by certain provisions.
An appeals court judge appeared to favor of authorizing a limited preliminary injunction against the Trump administration in a lawsuit brought by the National Treasury Employees Union.
Republicans in the House urged the CFPB to rescind Biden-era guidance documents, interpretive rules, advisory opinions and circulars that weren’t issued pursuant to the Administrative Procedure Act.