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Home » Topics » IMFnews » Regulatory

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CHLA Brings Employment-Verification Costs to Regulators

March 22, 2024
Brandon Ivey
CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.
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Short Takes: Sales of Existing Homes Jump / New Listings / Some Breathing Room on CRA Requirements / Retroactive NFIP Provision

March 22, 2024
Brandon Ivey
The sharp increase in existing-home sales in February may just be a blip...
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Fairholme GSE Lawsuit Is Over; Time for the Appeal?

March 21, 2024
Dennis Hollier
Now that Judge Lamberth has issued his memorandum and order, the litigants can prepare for the (inevitable?) appeal.
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DeMarco Critical of FHFA’s Handling of Title Pilot

March 19, 2024
Brandon Ivey
"Using third parties to circumvent this insurance feature creates uncertain financial risks for lenders and for Treasury Department’s ongoing financial support of the GSEs," said Edward DeMarco, president of the Housing Policy Council.
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SFA Calls for CFPB to Clarify QM Definition

March 19, 2024
Brandon Ivey
The trade group is seeking guidance on a requirement that lenders consider and verify a borrower’s reasonably expected income or assets at or before consummation of a mortgage.
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Short Takes: Waiting for Details on FHFA Pilot / UWM to Cover Costs of Hard Credit Pulls for Brokers / No Questions on Cyberattack / New Listings of Homes Increase

March 14, 2024
Brandon Ivey
Industry participants are waiting on further details from the FHFA regarding a pilot to waive title insurance requirements.
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Nonbanks Frustrated by Slow-Moving State Regulators

March 12, 2024
Shannon Clark
Limited adoption by states of a new form meant to streamline reporting requirements is a “disappointment,” according to the MBA.
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FHFA Plans to Revise Survey of Borrowers

March 12, 2024
Dennis Hollier
FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.
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Short Takes: Todman to Fill In at HUD / Appraisal Requirements in Maui / Equity Prime Leader Pledges $1 Million to MBA Opens Doors / Reprieve From Delisting for Better

March 12, 2024
Brandon Ivey
Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.
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MBA Takes Issue With CFPB’s Effort on Closing Costs

March 11, 2024
Brandon Ivey
“The CFPB’s blog post is baffling and reveals little understanding of how the mortgage market works or awareness of its own regulations that provide for full fee transparency and limits on what can be charged,” said Bob Broeksmit, president and CEO of the MBA.
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