CFPB Argues Home Equity Investments Are Subject to TILA January 16, 2025 Shannon Clark The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.Read More
Short Takes: Chase Expects Small Hit From CA Wildfires / HUD Withdraws Affirmatively Furthering Fair Housing Proposal / Non-Agency MBS Flowing / Debt Offering From Redwood January 16, 2025 Brandon Ivey Chase expects a limited financial impact on its business from the LA-area wildfires.Read More
HUD, PHH Settle on Servicing Convenience Fees January 14, 2025 Monica Hogan HUD alleged PHH charged convenience fees in violation of FHA requirements.Read More
California Wildfire Damage Estimates Rise to Over $250 Billion January 13, 2025 James Dohnert KBRA said 24 of its rated RMBS transactions have more than 5% exposure to properties located in the counties affected by the LA fires.Read More
Short Takes: Turner’s Confirmation Hearing / FHA Revises Partial Claim Payoff Proposal / Real Estate Investors Eye Tariffs, Immigration / STACR Issuance From Freddie January 10, 2025 Brandon Ivey The nomination hearing for Scott Turner to lead HUD is scheduled for Jan. 16.Read More
State Regulators Fine Bayview for Cybersecurity Issues January 9, 2025 Shannon Clark The company allegedly failed to fully cooperate with state regulators following a data breach.Read More
Short Takes: CFPB’s Medical Debt Rule Faces Lawsuit / Thompson Stepping Down From FHFA / Phillips Joins Freddie / Better Loses Origination Partner / Mortgage Affordability January 9, 2025 Brandon Ivey The CFPB's medical debt rule is facing a lawsuit and Republican leaders in Congress want to overturn the rule.Read More
FHA Establishes Servicing Oversight Policy January 8, 2025 Monica Hogan The agency had never published its method of identifying servicing defects before.Read More
FHFA’s Planned FHLBank Reforms Left to Trump Admin January 8, 2025 Dennis Hollier Proposals regarding core mission activities and FHLBank membership won't be finished prior to the start of the Trump administration.Read More
CFPB Issues Final Rule to Remove Medical Debt From Credit Reports January 7, 2025 Shannon Clark Medical debt will soon be wiped away from consumer reports under a new rule.Read More