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Regulation
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Contract-for-Deed Lending Subject to TILA, CFPB Says

August 15, 2024
Shannon Clark
Sellers repeatedly using contract-for-deed financing must assess a borrower’s ability to repay a loan and provide disclosures, the CFPB said in a new advisory opinion.
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Mixed Response to CFPB RFI on Mortgage Closing Costs

August 8, 2024
Shannon Clark
Hundreds of individuals, associations and trade groups submitted comments regarding the CFPB’s request for information on mortgage closing costs.
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Bipartisan Opposition to FSOC’s Servicer Fund Proposal

August 8, 2024
James Dohnert
A bipartisan group of mortgage industry players opposes FSOC’s proposal to create a fund to help sustain mortgage servicers in times of stress.
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Rethinking the Relationship Between CDFIs, FHLBanks

August 1, 2024
Dennis Hollier
FHFA hosted a symposium on improving the relationship between the FHLBanks and CDFIs.
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Federal Regulators Publish Guidance on ROVs

July 25, 2024
Shannon Clark
The final guidance covers reasons for seeking a reconsideration of value and addresses compliance obligations involving appraisals.
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Historical VantageScore 4.0 Data to Help With GSE Shift

July 18, 2024
Dennis Hollier
The new data will help lenders determine the impact of the upcoming shift from a tri-merge credit reporting process to a bi-merge model.
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Banking Groups Against Any Changes to FHLB Mission

July 18, 2024
Dennis Hollier
Many mortgage industry trade groups believe changing the mission of the Federal Home Loan Bank system is Congress’ responsibility rather than that of the FHFA.
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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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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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More Frequent Floods Increase Federal Mortgage Subsidy

July 12, 2024
Dennis Hollier
Researchers find that the climate-related increase in flood damage will boost the cost of subsidizing federal mortgage programs by 44% over the next 30 years. That doesn’t include the costs to homeowners, lenders, insurers or MBS investors.
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