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Regulation
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FCC Looks to Close ‘Lead Generator Loophole’

December 7, 2023
Sam Manas
A proposal from the Federal Communications Commission could sharply limit lead generation activity. Meanwhile, the CFPB apparently can’t do much about trigger leads and legislation in Congress hasn’t moved.
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Little Traction for New Title Insurance Alternatives

November 30, 2023
Dennis Hollier
With the prospect of a Fannie Mae title insurance pilot apparently off the table, critics turn their focus to attorney opinion letters.
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FHFA Director Elaborates on Plans for FHLBank Reform

November 22, 2023
Dennis Hollier
Federal Housing Finance Agency Director Sandra Thompson wants closer collaboration among the FHLBanks, the Federal Reserve and FDIC.
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Federal Regulators Willing to Tweak Bank Capital Proposal

November 22, 2023
Brandon Ivey
The MBA and others are pushing for federal regulators to go back to the drawing board on capital requirements for large banks. The regulators state that they will be flexible but defend the proposal.
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Demand for MSRs May Have Peaked, More Sales Likely

November 16, 2023
Brandon Ivey
With the supply of MSRs expected to grow, there are concerns that prices won’t hold up. Meanwhile, the CFPB is considering incentives for lenders to retain servicing.
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Mortgage Industry Urged to Calibrate AI Against Bias

November 16, 2023
Dennis Hollier
Even though machine learning and other forms of artificial intelligence have made the mortgage industry much more efficient, experts are less optimistic it can reduce racial inequity in the system.
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GOP Senators Seek Reversal of Immigration Guidance

November 16, 2023
Sam Manas
The guidance outlines when consideration of a credit applicant’s immigration status could violate the Equal Credit Opportunity Act.
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FHFA Puts Nonbank FHLB Eligibility Ball in Congress’ Court

November 9, 2023
Dennis Hollier
In a review of the Federal Home Loan Bank system, the Federal Housing Finance Agency riled some mortgage industry participants by failing to endorse expanding FHLBank membership to include nonbanks.
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MBA Slams FSOC Move to Increase Nonbank Oversight

November 9, 2023
Brandon Ivey
New guidance from the Financial Stability Oversight Council makes it easier for FSOC to increase regulatory requirements for large nonbank financial companies. The move doesn’t sit well with the mortgage industry.
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When Might Cenlar be Sprung From Consent Order Prison?

November 9, 2023
Paul Muolo
Cenlar, the largest subservicer in the mortgage industry, has been on a middle- and senior-manager hiring spree the past 18 months as it tries to meet the demands of an OCC consent order filed two-plus years ago.
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