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Home » Topics » IMFnews » Regulatory

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Court Narrows Scope of RESPA Treble Damages

December 15, 2023
Sam Manas
The lender argued the RESPA damages should be limited to three times the amount each borrower was overcharged for title and settlement services.
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Capital Requirements Proposal Would Set ‘Perverse’ Incentives on Securitization

December 14, 2023
Brandon Ivey
The proposal provides banks an incentive to exit senior tranches of asset-backed securities in exchange for more junior and riskier tranches, according to the Securities Industry and Financial Markets Association.
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Republican FDIC Appointee Floats Phase-In for Basel Changes

December 13, 2023
Brandon Ivey
Jonathan McKernan, a director at the FDIC, suggested slowing implementation of controversial provisions in a proposal on capital requirements for large banks.
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Racial Gaps Seen in Home Equity Lending, Cash-Out Refis

December 12, 2023
Sam Manas
Even after controlling for underwriting factors, disparities remained.
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FHLBanks Want to Remain the ‘Lender of Last Resort’

December 12, 2023
Dennis Hollier
Leaders of the FHLBanks and FHFA appear to be at odds on the banks' role in times of distress.
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Short Takes: HPA Expected to Slow / Foreclosures Decline / PrimeLending Growing in Texas / Cenlar Aims to ‘Fortify’ its Compliance

December 12, 2023
Brandon Ivey
Experts surveyed by Fannie project that home price appreciation in 2024 will come in at a rate of less than half of the appreciation accumulated this year.
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Short Takes: Jobs and Interest Rates / CFPB Servicing Rule Coming / Incenter Expands Advisory Services / Securitization of Proprietary Reverse Mortgages

December 8, 2023
Brandon Ivey
Despite a relatively strong jobs report, the MBA still anticipates that the Fed will begin to cut rates in the spring.
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Dimon: Regulators Unaware of Impact of Capital Proposal

December 6, 2023
Brandon Ivey
Jamie Dimon, chairman and CEO of JPMorgan Chase, raised concerns about a capital requirement proposal at a hearing in Congress Wednesday.
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FHA to Improve Monitoring of Lenders, Servicers

December 5, 2023
Monica Hogan
An inspector general identified counterparty risk related to protecting FHA’s Mutual Mortgage Insurance Fund as one of HUD’s top management challenges for 2024.
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MBA Seeks Clarity From VA on Servicing Advances

December 1, 2023
Monica Hogan
The Mortgage Bankers Association is asking VA to release a detailed plan for how servicers will be reimbursed if they participate in VA’s call for a six-month pause on foreclosures for struggling veteran borrowers.
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