The Mortgage Bankers Association is concerned that New York’s Community Reinvestment Act plans will place restrictive limits on CRA credit for purchased loans.

The Conference of State Bank Supervisors is working on building common standard examination programs for the states to use as federal enforcement activity diminishes.

The emergency law provides borrowers impacted by the January wildfires up to 12 months of mortgage forbearance.

The Supreme Court’s decision last year in Cantero v. Bank of America is trickling down to lawsuits in lower courts, including a decision in a case about interest on mortgage escrow accounts.

MISMO’s Mortgage Compliance Dataset will ease compliance processes for state regulators and mortgage lenders, according to mortgage industry experts.

The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.

While the state has traditionally viewed mortgage foreclosures to be subject to a 10-year statute of limitations, mortgage borrowers are challenging that viewpoint.

The trade group said a federal standard that preempts state data privacy laws would set clearer expectations for the industry.

Nevada last month became the second state to adopt a model act that creates specific safe harbors for common mortgage modifications.

New Jersey is the latest state to introduce legislation to establish its own version of the Community Reinvestment Act.