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Home » Topics » Inside Mortgage Finance » Regulation

Regulation
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Translating Mortgage Documents Lowers Rates for LEP Borrowers

July 20, 2023
Dennis Hollier
After FHFA required the GSEs to provide translated mortgage documents, limited English proficient borrowers’ experiences improved, new research shows.
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Grapevine: Higher Capital Requirements Expected; Merger Guidance

July 20, 2023
Brandon Ivey
Federal regulators are expected to propose new capital requirements for big banks; DOJ and FTC propose new guidance on mergers.
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Usage of Treasury Assistance Program Is Growing

July 13, 2023
Brandon Ivey
A $9.9 billion fund established by the federal government to help borrowers avoid foreclosure is seeing growing use. Some $1.2 billion in funds from the Homeowner Assistance Fund were distributed in the first quarter.
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FHFA Proposes Tougher Suspended Counterparty Rules

July 13, 2023
Dennis Hollier
FHFA wants the authority to suspend counterparties that have been sanctioned by other federal or state regulators. The agency argues that the outcomes of certain civil actions are analogous to criminal convictions.
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What Happens to CFPB Rules if the Regulator Is Unconstitutional?

July 13, 2023
Sam Manas
The Consumer Financial Protection Bureau’s funding structure is unconstitutional, a bevy of new amicus briefs argue. But they part ways on how to remedy the problem.
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Grapevine: FHLBank Advances in Play?; Better Loses More Money

July 13, 2023
Dennis Hollier, Paul Muolo, and Brandon Ivey
FHFA could limit usage of FHLBank advances; losses narrow at Better in first quarter; home price appreciation slowing; the impact of higher interest rates on potential borrowers.
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Industry Needs More Time, Data for Credit Score Shift

June 29, 2023
Dennis Hollier
A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition.
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Lenders Meh About Bill Reversing LLPA Changes

June 29, 2023
Dennis Hollier
It got 14 votes from House Democrats, but the Republican-sponsored Middle-Class Borrower Protection Act is unlikely to make it to the Senate.
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CFPB, Payments Vendor Settle Over Servicing Error

June 29, 2023
Sam Manas
ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments.
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FHFA Faces Pushback on Fair Lending Proposal

June 29, 2023
Sam Manas
The Federal Housing Finance Agency’s proposal to codify its fair lending oversight of the GSEs is rife with redundancies, some say.
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