ABA Calls for Changes in Redlining Enforcement June 10, 2025 Shannon Clark The trade group said the DOJ should limit its actions to investigations of entities that are truly engaged in intentional discrimination.Read More
Broad Support for Trigger Lead Bill in House June 10, 2025 Brandon Ivey Some 16 groups sent a letter of support ahead of a markup in the House. Those in support include the Mortgage Bankers Association and the National Consumer Law Center.Read More
Short Takes: OCC Holds Firm on Preemption / Solar Securitizations Downgraded / Better Hires Former FHFA Tech Leader / Angel Oak Picks Up the Pace With MBS June 10, 2025 Brandon Ivey The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.Read More
Short Takes: Ginnie Offers New Avenue on Buydowns / Democrats Frustrated With Fed’s Removal of Asset Cap on Wells / Large Expanded-Credit MBS From Ares / eHELOC Standard June 6, 2025 Brandon Ivey Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.Read More
CFPB Plans Actions on Some Major Mortgage Rules June 5, 2025 Brandon Ivey The CFPB indicated that it plans to rescind some provisions under the LO comp rule, along with changes to servicing standards.Read More
Short Takes: Bowman Confirmed in Fed Role / Pulte’s ‘Interesting’ Meetings / A&D Expands FHA Offerings / New Prime Non-Agency MBS June 5, 2025 Brandon Ivey The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.Read More
Fed Removes Asset Cap on Wells Fargo June 4, 2025 Brandon Ivey The cap and other regulatory issues prompted numerous adjustments at Wells, including a retreat on mortgage lending and servicing.Read More
Short Takes: ‘Golden Age of Homeownership’ / Rocket Plans $4.0 Billion in Debt Offerings / Smaller Debt Offering From PennyMac REIT / Bonus for Ending Asset Cap June 4, 2025 Brandon Ivey The Trump administration will usher in a "Golden Age of homeownership," according to HUD Secretary Scott Turner.Read More
CFPB Revokes Rule Guiding States on CFPA Enforcement May 30, 2025 Shannon Clark The recission of the rule isn't likely to have much of an effect on state enforcement, according to industry attorneys.Read More
More Questions Than Answers on GSE Reform Plans May 29, 2025 Brandon Ivey FHFA Director Bill Pulte deferred to President Trump when asked if FHFA plans to revise capital requirements for Fannie Mae and Freddie Mac.Read More