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Home » Topics » IMFnews » Regulatory

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Pennsylvania Bank Settles With DOJ on Redlining

February 6, 2024
Brandon Ivey
The DOJ alleged that First National Bank of Pennsylvania continued a practice seen at Yadkin Bank of focusing mortgage lending disproportionately on white areas of Charlotte and Winston-Salem.
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Short Takes: Consumer Advocates Defend CRA Revisions / Banks Done Tightening / Pressure on Navy Federal / HPC Mourns Mike Gill / Former First Republic Co-CEO Moves On Again

February 6, 2024
Brandon Ivey
The National Community Reinvestment Coalition accused banks of hypocrisy for filing a lawsuit against new standards under the Community Reinvestment Act.
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The GSEs Have Been Profitable Since 2012. Maybe It's Time to End the Conservatorships?

February 5, 2024
Dennis Hollier
One of these days a GSE CEO might rise up and legally challenge the conservatorships. But we're not there yet...
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Senate Democrats Offer VA Loss-Mitigation Bill

February 2, 2024
Monica Hogan
“While pausing foreclosures for these men and women was a step in the right direction, our veterans and servicemembers need to be able to bring their mortgage current while VA works on its long-term solution,” said Sen. Jon Tester, D-MT, chair of the Senate Veterans Affairs Committee.
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Lenders Expect Manageable Changes on Home Sale Structure

February 1, 2024
Brandon Ivey
The commission structure for real estate agents is poised for a shakeup in the wake of the legal issue facing the National Association of Realtors.
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FHFA Directs GSEs to Explore Alignment on Reps, Warrants

January 31, 2024
Dennis Hollier
This year's scorecard includes more focus on the multifamily businesses of Fannie Mae and Freddie Mac.
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Mortgage-Related Complaints to CFPB Decline Slightly

January 30, 2024
Andras Malatinszky
Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.
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CFPB Focusing on LO Comp Enforcement; No Rule Change

January 25, 2024
Brandon Ivey
The CFPB has concerns about lenders reducing LO comp in an effort to increase originations.
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Broeksmit Delivers Fiery Remarks at IMB Conference

January 24, 2024
Brandon Ivey
The MBA is taking its concerns about rising costs for obtaining credit scores to the Federal Housing Finance Agency, the Consumer Financial Protection Bureau and the Federal Trade Commission, among other entities.
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GSEs Rejigger Sustainable Bond Programs

January 24, 2024
Dennis Hollier
At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are reformulating their Social Index to make it more attractive to investors while still protecting the privacy of borrowers.
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