FHA to host stakeholder meeting on new reconsideration of value requirements; former Ginnie Mae executive joins the Housing Policy Center; and more news in brief.
Attorney Marty Green said the Supreme Court decision restores equilibrium by no longer requiring courts to place undue weight on a federal agency’s interpretation of laws...
Sutherland Global denies all allegations by the CFPB and said it was not “directly responsible for the reverse mortgage servicing conduct that is subject of the CFPB agreement.”
The final rule is essential in helping to reduce risks of discrimination in automated-valuation models used in the mortgage market, according to CFPB Director Rohit Chopra and Deputy Director Zixta Martinez.
Industry attorneys said it’s unclear what the CFPB might do about auto purchases that include negative equity from a prior vehicle, given the bureau’s lack of jurisdiction over auto dealers.
The CFPB set new implementation dates for its small business lending data reporting rule and the payday lending rule. However, the new deadlines could still face court challenges.
How the bureau delegates on rulemaking has changed in recent years under Rohit Chopra, according to John Tonetti, former senior policy analyst in the Office of Supervision Policy.
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