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.”

Fannie and Freddie could spend another 15 years in conservatorship before their retained earnings are sufficient under the existing capital rule.

In his first appearance before congressional leaders, CFPB Director Rohit Chopra addressed his priorities for the bureau, including enforcement and regulations.

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.

Federal regulators have begun to flex their muscles on fair lending under the DOJ’s new Combatting Redlining Initiative.

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.

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.

There’s no uniformity in how states are handling workplace requirements for mortgage companies during the pandemic. Industry participants are calling for the ability to work from home to be a permanent option.

The CFPB and the FHFA are no longer quasi-independent agencies insulated from the whims of the White House.

Industry groups want the Federal Deposit Insurance Corp. to specify which payments into mortgage servicing accounts would qualify for coverage.