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Home » Topics » IMFnews » Regulatory

Regulatory
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Industry Nears Third Year of Disruption as Omicron Variant Surges

January 7, 2022
Monica Hogan
Citigroup, a top-30 player in mortgages, has become the first megabank to impose a strict Covid-19 vaccine mandate: Get a shot or you're fired.
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FHFA Rejects GSEs' Duty-to-Serve Plans

January 7, 2022
Dennis Hollier
Housing advocates, spearheaded by the Lincoln Institute of Land Policy, believe the GSEs’ plans actually reduce loan targets for all three areas targeted by DTS.
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GAO Voices Concerns on Appraisal Exemptions

January 6, 2022
Brandon Ivey
When lenders opt for an evaluation rather than an appraisal, they often use AVMs...
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FHFA Hikes LLPAs On Second-Home and High-Balance Loans

January 5, 2022
Dennis Hollier
Industry consultant Mark Goldhaber: "At least it's a step in the right direction."
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CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination

January 5, 2022
Sam Manas
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
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loanDepot Reaches Milestone on Developing Inhouse Servicing Platform

January 4, 2022
Paul Muolo
Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...
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Lenders, Trade Groups Favor NMLS Modernization Plan

January 4, 2022
Sam Manas
Freedom, the nation's seventh largest originator, said modernization needs a buy-in from all states.
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FDIC Chair Hands In Resignation on New Year’s Eve After Dustup Over Governance

January 3, 2022
Sam Manas
The resignation, effective Feb. 4, will leave the FDIC board composed entirely of Democrats. It follows a highly visible — and unusual — partisan spat among board members.
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Caution is the Watch Word for Regulatory Risk. A Cut in FHA Premiums?

January 3, 2022
Presently there are two mortgage-related SPACs that are in progress: Better.com (a lender) and Southport Acquisition Corp., the latter of which is looking for plays in the software arena.
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New Hampshire Man Found Guilty of VA Loan Fraud

December 29, 2021
Monica Hogan
Evidence at trial showed the defendant used fraudulent means to apply for roughly $8 million in loans...
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