According to a new letter obtained by Inside Mortgage Finance, HUD says it is uncertain whether any new loan created under the controversial eminent domain plan would qualify for FHA insurance.
The PATH Act awaits a vote on the House floor. But Hensarlings measure is widely viewed as a non-starter in comparison to the Senates bipartisan Corker-Warner bill.
The Federal Trade Commission plans to ask the Office of Management and Budget to extend through Nov. 30, 2016, the current Paperwork Reduction Act clearance for the FTCs shared enforcement with the CFPB of the information collection requirements in Regulation N (Mortgage Acts and Practices Advertising). That clearance expires Nov. 30, 2013. The FTC is inviting public comments on a handful of related issues, the first of which is whether the proposed collection of information is necessary for the proper performance of the...