Lenders are concerned the Nationwide Multistate Licensing System’s proposed modernized mortgage business-specific licensee requirements are overly burdensome and confusing, and could introduce regulatory risks for lenders.
All House Republicans and 14 House Democrats voted to undo FHFA’s revision of GSE loan-level pricing adjustments. The bill would also require future changes to the grids to follow risk-based pricing.
Three providers of D&O insurance refuse to pay legal costs associated with a financial crisis-era SEC investigation into Freddie underwriting and risk-management controls for troubled MBS.
By declining to hear the case of Rop v. FHFA, the Supreme Court effectively shut down shareholder hopes of ending the net worth sweep based on the constitutionality of the appointment of FHFA’s director.