Seila Law ends Supreme Court quest; compliance date of 2017 rule delayed again; CFPB joins other regulators on LIBOR statement; CFPB seeks clarity on Regulation O; consumers seek regulation of earned wage access products.
The flexibility was introduced earlier this year when the CFPB temporarily allowed non-agency lenders to originate loans that meet qualified mortgage standards using traditional QM underwriting or new standards...
Positive results in the forthcoming audit report to Congress on the status of the FHA insurance fund could prompt a reduction in premiums (or so the industry hopes).
Loan removals from Ginnie MBS declined nearly 10% from the second to the third quarter, with the sharpest drop in buyouts of delinquent loans. (Includes data chart.)
Lenders need to do more to boost first-time homeownership among low- to moderate-income households, according to panelists speaking at the Mortgage Bankers Association’s annual convention.
While FHA plans to provide low-cost financing for borrowers mitigating climate hazard, Ginnie said it will consider backing housing programs with environmental, social and governance innovations.