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Home » Topics » Inside Mortgage Finance » Regulation

Regulation
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Yellen Raises Concerns About Nonbanks, MBA Pushes Back

February 15, 2024
Brandon Ivey
The Mortgage Bankers Association took Treasury Secretary Janet Yellen’s remarks as an opportunity to reiterate industry concerns about the Basel III endgame proposal.
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Trade Groups File Lawsuit Against New CRA Standards

February 8, 2024
Shannon Clark
The American Bankers Association and other trade groups want the court to vacate the new standards under the Community Reinvestment Act.
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FHFA Directs GSEs to Work to Align Reps and Warrants

February 8, 2024
Dennis Hollier
While FHFA didn’t provide details, lenders believe the agency wants the GSEs to coordinate their mortgage repurchase request policies.
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Bank Regulators Considering Changes to Capital Proposal

February 8, 2024
Brandon Ivey
Banking regulators appear to be taking criticism of their capital requirements proposal to heart. The impact the proposal would have on the mortgage market remains a major issue.
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Lenders Look to Regulators for Help on Credit Score Pricing

February 1, 2024
Brandon Ivey
The MBA is taking its concerns about rising costs associated with obtaining credit scores to the FHFA, CFPB and FTC. A CFPB official said the regulator is willing to consider looking into the issue.
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Speculation Regarding GSE Conservatorship Status Rising

February 1, 2024
Dennis Hollier
As the Trump campaign gathers steam, investors seem to believe that means the GSEs are more likely to be released from conservatorship.
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Lenders Frustrated With IRS Income Verification Service

February 1, 2024
James Dohnert
Housing trade groups urged Congress to pass a bill to modernize the IRS’ income verification program.
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CHLA Itemizes the Bill for Bi-Merge Credit Scoring

January 25, 2024
Dennis Hollier
Counterintuitively, the bi-merge will increase the number of credit pulls necessary to complete the average mortgage loan application. Consumers will ultimately pay for those extra pulls.
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AIME Splits Advocacy Group Supporting Mortgage Brokers

January 25, 2024
James Dohnert
Katie Sweeney, CEO of the Association of Independent Mortgage Experts, is stepping down to lead AIME offshoot Broker Action Coalition.
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Widespread Opposition to Bank Capital Proposal

January 18, 2024
Brandon Ivey
Banks, nonbanks and consumer advocates have major concerns about a proposal to adjust capital requirements for large banks. The proposal would touch on mortgage lending, MSRs and warehouse lending.
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