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NMLS Mortgage Business Reporting Requirements Too Broad

June 26, 2023
Sam Manas
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.
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House Members Question Chopra’s Transparency

June 26, 2023
Sam Manas
Republicans tore into CFPB Director Rohit Chopra over his calendar, which the agency claims to publish monthly.
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Other News in Brief

June 26, 2023
Sam Manas
Utah court denies CFPB motion for judgment in credit repair trial; mortgage denials higher in Southern states.
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Maxex Raises Capital as Market Volatility Persists

June 26, 2023
James Dohnert
Maxex has a network of 350 bank and nonbank originators...
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House Passes Bill Reversing FHFA Changes to Pricing

June 23, 2023
Dennis Hollier
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.
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Industry Wants Voice in Condo Eligibility Rules

June 23, 2023
Dennis Hollier
New guidelines for GSE condo and co-op lending requirements should be subject to public comment, trade groups argue.
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Automation Gets Attention in Market Slowdown

June 23, 2023
James Dohnert
Mortgage companies across the spectrum are looking for ways to reduce expenses. Automation and artificial intelligence might be a solution.
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Freddie Files $32 Million Suit Against Insurers

June 23, 2023
Dennis Hollier
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.
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Rising Costs Lock Out First-Time Homebuyers

June 23, 2023
Monica Hogan
Median monthly home payments have jumped from $2,200 in January 2022 to $3,000 in March 2023, Harvard’s Joint Center for Housing Studies reports.
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SCOTUS Rejects Chance to Hear Shareholder Argument

June 23, 2023
Dennis Hollier
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.
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