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Home » Topics » IMFnews » Regulatory

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New Nevada Law Would Subject Lenders to ECOA Liability

August 26, 2019
Brandon Ivey

The law would compel lenders to violate the Equal Credit Opportunity Act, according to the Mortgage Bankers Association.


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What We’re Hearing: Loan Brokers, the Swagger is Back / Hiding From Wholesale: Most Banks / What Would Jamie Dimon Say? / Olmem is the Man / Lifting the Pay Cap on GSE CEOs?

August 23, 2019
Paul Muolo

One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation? 


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GAO Finds FHA ‘Distressed’ Loans Sold Prematurely

August 23, 2019
George Brooks

From fiscal 2010-2016, FHA sold roughly 111,000 troubled loans to private investors, including nonprofits, through DASP. In addition, GAO found that FHA did not routinely assess outcomes…


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Short Takes: Complicating GSE Reform? (Which is Already Complicated Enough) / Private Pricing? / Not Worrying About Debts and Deficits / Not in Kansas Anymore: Bair Named to Fannie’s Board / Two New Board Members for TMC

August 22, 2019
Paul Muolo

At Fannie Mae, former FDIC chief Sheila Bair will serve on three board committees: compensation, nominating and corporate governance.

 


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HUD Expands Test for Disparate-Impact

August 22, 2019
George Brooks

Under the HUD draft rule, allegations that a specific, identifiable policy or practice has a discriminatory effect must plead facts to support the claim


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Ginnie Issues New Servicer Requirements. Some Are Not Happy

August 22, 2019
Paul Muolo

The change is part of the agency’s continuing focus on risk management as its book of business continues its historic shift toward nonbank mortgage servicers that have come to dominate its $2.0 trillion-plus portfolio.


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Short Takes: Caution: Possible G-Fee Hike Ahead? (Trump) / A Tax on Homeownership? / Falling Applications and the Industry’s ‘Capacity’ Problem / Top Tech Exec Bolts loanDepot for GR

August 21, 2019
Paul Muolo

The big question: Will the White House and Congress visit the guarantee fee trough once again to pay for it? 


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Its Share Price Waning, Nation’s Fourth Largest Servicer Launches a Buyback Program

August 21, 2019
Paul Muolo

New Residential's stock buyback program is for common shares only and will expire at year-end 2020. In 2019, New Rez has sold additional shares of both common and preferred...


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Non-Agency MBS Market Faces ‘Daunting’ Task of Switching from LIBOR

August 21, 2019
Brandon Ivey

The end of LIBOR presents a number of logistical challenges for trustees of vintage non-agency MBS.


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Short Takes: Trump Tells the Market: Mr. Powell, Tear Down Those Interest Rates / The Double-Edged Sword / Not Prepared for the Onslaught? / AEI Sees Negatives In FHA Loosening Condo Rules / Tech Vet Launches Zedvue

August 20, 2019
Paul Muolo

Meanwhile, lenders are swamped these days with new business but are they prepared (staffing wise) to handle the volume?


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