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Regulators Look to Wrap Up Rulemaking Agendas

July 18, 2024
Shannon Clark
The slowdown is part of a typical trend seen at federal regulators prior to a presidential election.
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HUD Charges Rocket With Appraisal Bias, Settles With TAF

July 18, 2024
Monica Hogan
The Department of Housing and Urban Development charged Rocket Mortgage with appraisal bias in connection with a denied refinance application. loanDepot settled a similar charge with the CFPB this year.
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Fannie Mae Survey Reveals Mortgage Misconceptions

July 18, 2024
James Dohnert
A new Fannie Mae study finds that consumers think mortgage underwriting requirements are more stringent than they truly are.
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Grapevine: Treasury Title Insurance Meeting; Multifamily Issues

July 18, 2024
Brandon Ivey
Treasury office considers reforms for title insurance; FHFA sets tenant protections for GSE multifamily borrowers; Biden administration calls for rent control; two states slow on index change.
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CFPB Proposes Rule to Adjust Servicing Standards

July 11, 2024
Shannon Clark
The rule would require mortgage servicers to only pursue foreclosure as a last resort and increase disclosure requirements. Loss-mitigation application requirements would also be streamlined.
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Regulators Headed Toward Re-Proposal on Bank Capital

July 11, 2024
Brandon Ivey
Federal regulators are working on a re-proposal of a rule that would adjust capital requirements for large banks.
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SCOTUS Ruling Takes Some Power From Regulators

July 11, 2024
Shannon Clark
The Supreme Court’s decision, overturning a deference that courts have provided to regulators for 40 years, should be a relief for the mortgage industry, according to an attorney.
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When In Doubt, Hedge Those MSRs

July 11, 2024
Paul Muolo
Hedging-related inquiries from MSR holders are on the rise with a possible Fed rate cut in the wind.
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Improvements to Loss Mitigation Programs Needed Post-Pandemic

July 11, 2024
Shannon Clark
While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.
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MBA Calls for Overhaul of FHA Multifamily Programs

July 11, 2024
Brandon Ivey
The MBA wants significant changes to the Federal Financing Bank risk-sharing program. Reforms are also needed in the multifamily accelerated processing program, according to the trade group.
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