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Home » Topics » IMFnews » Regulatory

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ABS Market Braces for Fallout From CFPB Court Victory

April 5, 2024
Shannon Clark
The U.S. Court of Appeals for the Third Circuit held that National Collegiate Student Loan Trust student loan ABS are covered persons subject to the CFPB’s authority under the Dodd-Frank Act.
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Short Takes: CFPB’s Thoughts on UWM, Brokers? / UWM’s Stock Rebounds / Slow Decline in Rates Expected

April 5, 2024
Brandon Ivey
Will the allegations against United Wholesale Mortgage amount to anything more than a slight decline in the nonbank's stock?
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FHFA Starts Small With FHLBank Reforms

April 4, 2024
Brandon Ivey
Priorities for 2024 include clarifying the mission of the FHLBank system and aligning eligibility requirements for different types of FHLBank members.
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To Avoid Redlining Charges Diversify Product Offerings

April 4, 2024
Shannon Clark
"If a lender has a full array of products ... [they] serve the credit needs of low- and moderate-income borrowers as well as borrowers in communities of color," said Maurice Jordain-Earl, managing director of Compliance Tech.
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Assessing the Impact of the 2021 Cap on GSE Business

April 4, 2024
Dennis Hollier
Researchers found that local banks exploit their superior information about housing prices when deciding whether to hold loans in their portfolio.
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Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB

April 2, 2024
Brandon Ivey and Paul Muolo
Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.
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Court Halts Implementation of Revision to CRA Standards

April 1, 2024
Brandon Ivey
The trade groups support the goals of CRA but believe the final rules exceed the authority of the regulators...
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FHFA Conducting Targeted Exams of Nonbanks

March 29, 2024
Brandon Ivey
Between October 2021 and August 2023, 21 exams were conducted.
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State Court Ruling Favors CFPB’s Stance in TILA Case

March 29, 2024
Shannon Clark
The lawsuit centers on whether requirements under the Truth in Lending Act apply to mortgages that are marked as commercial on loan documentation but have certain residential characteristics.
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Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly

March 29, 2024
Brandon Ivey
FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.
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