The Community Home Lenders of America wants small mortgage lenders to be exempt from the CFPB’s proposed registry of nonbank form contracts when their compliance burdens substantially outweigh consumer benefit.
The CFPB and other regulators in a joint comment letter raised concerns that the most recent draft of the Appraisal Foundation’s guidelines for appraisers removes clarity on federal discrimination prohibitions.
The study found that the Community Reinvestment Act has had little effect on the level of household borrowing in low- to moderate-income census tracts and on lending in different debt categories.
TransUnion in talks with the CFPB and FTC to settle charges; medical collections declined in the past four years; CHLA seeks exemption for members from CFPB’s “repeat offender” registry.
After a hung jury, shareholders will head back to court for a second chance at proving FHFA was in breach of contract when it agreed to the net worth sweep with Treasury.
Critics argue that, by targeting deep-pocket institutional buyers, the enterprises’ sale of non-performing and reperforming loans removes homes from the buyers’ market and makes it impossible for nonprofit organizations to participate meaningfully.
A new request for information asks stakeholders whether expanding social bonds from multifamily to single-family will help or hurt borrowers and investors.
It’s been 10 years since the Federal Housing Finance Agency has examined the mandatory competitive programs of the Federal Home Loan Banks’ affordable housing program.
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