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Home » Topics » Inside Mortgage Finance » Regulation

Regulation
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Employers Urged to Draft Vaccination Mandate Plans

November 18, 2021
Monica Hogan
Attorneys are urging companies to communicate how workers must comply with mandates for COVID-19 vaccinations or testing following an emergency temporary standard from the Occupational Safety and Health Administration. The OSHA mandate faces challenges in federal court.
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Cenlar’s Clients Weigh Their Options in Wake of OCC Action

November 11, 2021
Paul Muolo
After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?
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Two Lenders Named in Racial Discrimination Complaint

November 11, 2021
Sam Manas
A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.
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New York Applies CRA Requirements to Nonbank Mortgage Lenders

November 4, 2021
Brandon Ivey
Community Reinvestment Act requirements that traditionally have only applied to depositories will be imposed on nonbanks in New York. The MBA warned that the standards are “unworkable.”
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GSE Earnings Strong; Maybe Not Strong Enough, Though

November 4, 2021
Dennis Hollier
Fannie and Freddie could spend another 15 years in conservatorship before their retained earnings are sufficient under the existing capital rule.
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Chopra to Congress: CFPB Focusing on Repeat Offenders

November 4, 2021
Sam Manas
In his first appearance before congressional leaders, CFPB Director Rohit Chopra addressed his priorities for the bureau, including enforcement and regulations.
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Industry Supports Equitable Housing Plans for GSEs

October 28, 2021
Dennis Hollier
Mortgage industry stakeholders are on the same page with affordable housing and minority rights groups, at least when it comes to the FHFA’s proposal to require Fannie and Freddie to have concrete plans to improve equity in mortgage lending.
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Algorithms Under Fire in Mortgage Redlining Initiative

October 28, 2021
Sam Manas
Federal regulators have begun to flex their muscles on fair lending under the DOJ’s new Combatting Redlining Initiative.
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Subservicer Cenlar Sanctioned, Needs Approval to Add Clients

October 28, 2021
Paul Muolo
Subservicing behemoth Cenlar has caught the attention of the OCC, which slapped the loan processor with a consent order because of its risk management shortcomings. On the menu: corrective actions.
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AAG Settles With CFPB Over Deceptive Marketing Practices

October 14, 2021
Monica Hogan
The CFPB ordered American Advisors Group to pay $1.1 million in fines and refund $173,000 to consumers who the bureau said were victims of deceptive advertising mailers. Some industry attorneys interpreted the move as a sign the bureau is tightening supervision and enforcement.
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