Acting Comptroller of the Currency Michael Hsu believes updated CRA standards should reflect changes in the business of banking, particularly the increased use of mobile and internet delivery channels.

The Federal Housing Finance Agency’s OIG found that the $250,000 “retention award” in question could amount to the payment of a “bonus” in violation of the STOCK Act.

When it comes to guarantee fees, some industry participants say they don’t see much policy difference between current FHFA Acting Director Sandra Thompson and her predecessor, Mark Calabria.

Once a “flexibility” intended to help lenders deal with the pandemic, the desktop appraisal is about to become a permanent fixture of Freddie’s Loan Advisor and Fannie’s Desktop Underwriter.

It’s not easy to bring multi-state enforcement actions, yet regulators from 44 states signed consent orders with 441 loan officers who lied about having completed required annual continuing education courses.

The mortgage industry has resigned itself to no administrative end to the Fannie and Freddie conservatorships. It’s still unclear what happens to the GSEs’ capital requirements.

Fannie Mae failed to implement new NPL reporting requirements in 2018, as required by its regulator.

Servicers aren’t rushing to complete foreclosures as borrowers reach the end of their forbearance plans. The CFPB has a close eye on mortgage shops, prompting caution among industry participants.

Fed economists calculate the impact the new accounting standard had on bank lending during the COVID-19 emergency.

The recommendations from a coalition of lenders, led by the Mortgage Bankers Association, were oriented largely at reducing the burden of data collection by allowing loans to be screened out of the process more easily.