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Home » Topics » IMFnews » Regulatory

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Opportunities for Lenders Amid Confusion on NAR Settlement

September 11, 2024
James Dohnert
Given confusion around the commission structure for home sales, it’s important for loan officers to advise real estate agents and become a source of knowledge for homebuyers, according to Jonathon Haddad, CEO of the Association of Independent Mortgage Experts.
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Basel III Re-Proposal to Include Concessions to Mortgage Industry

September 10, 2024
Dennis Hollier
The Federal Reserve responds to industry criticism by back-pedalling on some of the more aggressive capital requirements in the proposal.
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Trade Groups, Consumer Advocates Voice Concern Over CFPB Proposal on Language Access

September 10, 2024
Shannon Clark
A new requirement to extend language access for home borrowers within the CFPB's proposal to update Regulation X's mortgage servicing requirements will actually do the opposite, according to a joint comment letter submitted on the proposal.
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Short Takes: CFPB Planning Open Banking Rule for Mortgages / FHFA Launches Natural Disaster Dashboard / Expanded-Credit MBS Issuers Bulk Up / RTL Securitization From Toorak

September 10, 2024
Brandon Ivey
After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.
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CBO Touts Risk Sharing, Direct Coverage for Natural Disasters

September 9, 2024
Monica Hogan
CBO suggested the government would assume all the risk and sell insurance coverage directly to households for wildfires.
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MBS Investors Benefitting From Decline in Interest Rate Volatility

September 6, 2024
Brandon Ivey
Analysts predict that a rate cut later this month could be as high as 50 basis points.
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CFA Calls for Policy Changes to FHA Program

September 5, 2024
Monica Hogan
The Consumer Federation of America said buyers using FHA loans often face stigma when buying a home and cannot use many competitive strategies that are common to conventional and cash buyers.
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Short Takes: Lenders Urged to Support YIMBY Bill / Unlock Raises Funds / FHFA Tech Spring Award Winners

September 3, 2024
Brandon Ivey
The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.
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CFPB to Tackle Chatbots, Ease Access for Customer Service

August 29, 2024
Shannon Clark
A new rule is expected from the bureau in the coming months that will require businesses under the CFPB's jurisdiction to allow consumers to speak with a human service representative at the click of one button.
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CFPB Issues Guidance on Repeat Offender Registry

August 28, 2024
Shannon Clark
MBA urged the CFPB to immediately provide written guidance on the matter, noting the final rule takes effect Sept. 16.
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