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Short Takes: Ginnie Prevails in TCB HECM Lawsuit / CFPB to Issue New Proposal on Section 1071 Data Collection / Nominees for OCC, SEC Move Forward / Home Equity Usage Expected to Rise

April 4, 2025
Brandon Ivey
A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.
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Republicans in House Consider Reforms for CFPB

April 3, 2025
Shannon Clark
A hearing by a subcommittee of the House Financial Services Committee included consideration of 10 bills, some of which would drastically alter the CFPB’s practices.
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Court Issues Preliminary Injunction to Reinstate Some Federal Employees

April 2, 2025
Shannon Clark
Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.
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Some CFPB Employees Leaving Bureau Amid Uncertainty

April 1, 2025
Shannon Clark
After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.
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Short Takes: Fannie Expects Lower Rates / FHFA Deems Climate Risk a ‘Transverse Risk’ / Pending Home Sales Decline / Affordable Homeownership a Focus for OCC

March 28, 2025
Brandon Ivey
Fannie Mae projects that the average interest rate for a 30-year fixed-rate mortgage will fall to 6.3% by the end of 2025.
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Court Extends Restraining Order on Federal Layoffs

March 27, 2025
Shannon Clark
The lawsuit covers the Consumer Financial Protection Bureau and the Department of Housing and Urban Development, among other agencies.
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CFPB Moves to Return Townstone Settlement

March 27, 2025
Shannon Clark
The CFPB plans to dismiss its case against Townstone and reverse a settlement the parties reached last year.
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Lenders Support FHFA’s Recission of UDAP Compliance Requirement

March 26, 2025
Dennis Hollier
FHFA's move alleviates industry concerns of duplicative oversight of lender compliance with unfair or deceptive acts or practices requirements.
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Short Takes: FHFA Policy Announcements Via X / New Home Sales Increase / New Non-QM Lender

March 26, 2025
Brandon Ivey
FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.
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Former Freddie CEO Sees Benefits in Ending GSE Conservatorship

March 25, 2025
Dennis Hollier
David Brickman, the CEO of Freddie Mac from 2019 to 2021, argued that 16 years of conservatorship have increased inefficiencies at the GSEs.
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