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Home » Topics » Inside FHA/VA Lending » Legislation & Regulation

Legislation & Regulation
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CFPB Fines Eighth VA Lender for Deceptive Ads

September 18, 2020
Maria Volkova
ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July.
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HUD Issues Final Rule on Use of Disparate Impact

September 18, 2020
Maria Volkova
Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws.
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Proposed QM Rule Could Increase FHA Market Share

September 18, 2020
Maria Volkova
Consumer advocates have urged the bureau to increase the safe-harbor QM threshold for first liens to a rate spread of 200 basis points.
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HUD IG Finds Underwriting Issues at 1st Tribal Lending

September 18, 2020
1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders.
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Accelerate, Others Snagged in CFPB's VA Dragnet

September 4, 2020
Maria Volkova

Over the past few months, the CFPB has levied formal charges against seven mortgage firms for false advertising tied to VA loans. A trend? Looks that way.


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Ginnie Mae Loans In Forbearance Inch Back Up

September 4, 2020
Maria Volkova

The forbearance rate on FHA/VA loans totaled 11.5% as of Sept. 1, according to Black Knight. MBA's reading on the category is a bit lower.


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CBC Letter Voices Concerns About DPA Program

September 4, 2020
Maria Volkova

According to industry consultant Brian Chappelle, HUD previously attempted to limit Chenoa's efforts regarding DPA, but came up short.


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Genworth and Oceanwide Merger Back on Track

September 4, 2020
Maria Volkova

The Genworth-Oceanwide merger was first struck in 2016. However, it's been delayed several times because of regulatory issues.


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FHA, VA Extend Eviction and Foreclosure Moratorium

September 4, 2020
Maria Volkova

The foreclosure moratorium, in place since mid-March, directs servicers to halt all new actions and suspend cases in progress.


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Industry Concerned About Proposed Changes to DPA

August 21, 2020
Maria Volkova
The proposal aims to ensure governmental entities that participate in downpayment assistance programs do not benefit financially.
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