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Industry Calls for Bringing Back Tax Deduction for MI

October 24, 2024
Monica Hogan
A broad cross-section of the industry supports legislation that would reinstate, make permanent and expand eligibility for the mortgage insurance premium tax deduction.
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Debate Persists Over Role of FHLBank in Housing Market

October 24, 2024
Dennis Hollier
Affordable housing and community development advocates say taxpayers aren’t getting enough for the government subsidy of the FHLBanks. The FHLBanks say critics misunderstand their federal support.
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Delinquencies Rise for FHA, VA Agency MBS

October 23, 2024
Namrata Bhatia
The total agency delinquency rate rose to 3.30% at the end of the reporting period.
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Originations Soar for Mr. Cooper During 3Q

October 23, 2024
Shannon Clark
The mortgage servicer funded over 25,000 new mortgage orignations in the quarter.
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Short Takes: Mortgage Applications Decline / Redfin Reports Home Price Growth / Lenders Favor Simplifying Closing Costs / Downpayments Fall in 3Q

October 23, 2024
Shannon Clark
Mortgage applications decreased compared to a month earlier; home prices saw a steady increase for the third month in a row; many mortgage lenders are for simplifying closing cost descriptions; median annual downpayment amount decreases in the third quarter.
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Chopra Dismisses Suggestion of Political Motivation in its Investigations

October 21, 2024
Shannon Clark
CFPB Director Rohit Chopra said he isn’t too worried about how recent Supreme Court decisions would impact the bureau.
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Fairway Settles CFPB, DOJ Lawsuit Over Redlining

October 21, 2024
Shannon Clark
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
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MISMO Releases Mortgage Compliance Dataset

October 21, 2024
Shannon Clark
The new dataset will help both regulators and mortgage companies, according to MISMO.
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CFPB Bans Company From Arbitrating Consumer Financial Disputes

October 21, 2024
Shannon Clark
Ejudicate has been permanently banned by the bureau for holding arbitration proceedings for a company it received a kickback from.
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Regulators Debate Risks of Embedded Finance Products

October 21, 2024
Shannon Clark
By the end of the decade, the embedded finance industry could be bringing in close to $400 billion in revenue each year, according to Seth Frotman, general counsel at the CFPB.
Read More
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