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Home » Topics » IMFnews » Regulatory

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Data Exchange Proposed to Help Decrease Lenders’ Costs

July 18, 2024
Shannon Clark
The proposal, published by Andrew Davidson, seeks to create a platform where regulators, investors, mortgage servicers and more would share their own data and receive access to the broader pool of data, in an effort that could decrease costs and improve attempts to aggregate mortgage data.
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Short Takes: Loan Applications for New Homes Decline / Equifax’s Mortgage Revenue Grows / MBA Pushes Congress on Trigger Leads / Home Sales Slow in CA

July 18, 2024
Brandon Ivey
“Mortgage rates dipped below 7.0% in June but that did little to spur purchase activity,” said Joel Kan, a vice president and deputy chief economist at the MBA.
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Short Takes: Applications Increase / Housing Starts Decline / Mixed Outlook From Housing Investors / State Regulators to Update NMLS

July 17, 2024
Brandon Ivey
The increase in mortgage applications was driven by refis.
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Rocket Faces Appraisal Bias Charge From HUD

July 16, 2024
Monica Hogan
HUD charged Rocket Mortgage and other entities with appraisal bias.
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CFPB Could Face Difficulties Following SCOTUS Change on Chevron

July 16, 2024
Shannon Clark
The Supreme Court's ruling striking down Chevron deference could prompt legal challenges to the CFPB's rules and alter the CFPB's rulemaking going forward.
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FHFA Plots New Proposals on GSEs, FHLBanks

July 15, 2024
Dennis Hollier
As soon as July, FHFA plans to issue a proposed rule that would establish standards for the GSEs related to returns on capital for new single-family mortgage acquisitions.
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Appeals Court Revives CFPB’s Lawsuit Against Townstone

July 12, 2024
Shannon Clark
The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.
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CFPB Issues Proposed Rule on Servicing Standards

July 11, 2024
Shannon Clark
The proposal has some positives and some negatives for servicers.
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FHA Revises Proposal on Servicing Defect Taxonomy

July 11, 2024
Brandon Ivey
The proposal includes six defect areas through the servicing life cycle and remedies for each defect area.
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Short Takes: Treasury Hosts Title Insurance Meeting / HELOC Securitization From Figure / Inflation Declines / Foreclosure Activity Slows

July 11, 2024
Brandon Ivey
The meeting will help the Treasury’s Federal Insurance Office as it considers policy options on title insurance.
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