Policy changes at the mortgage giant should make it easier for borrowers to purchase properties with ADUs.

The proposal, if implemented, will largely benefit a subset of banks that don’t meet HMDA reporting requirements yet do receive at least 50 applications for mortgages per year.

By eliminating its bank holding company, Flagstar Bank will drop the Federal Reserve as a regulator.

FHA is supporting some manual endorsement actions that lenders cannot process themselves.

One proposal targeted liquidity requirements for the GSEs and the other two proposals involved the Federal Home Loan Banks.

FHA and the GSEs stressed lending and servicing options for individuals facing an employment furlough.

Goals for acquisitions of purchase mortgages for low-income borrowers would be reduced under the proposal.

Mr. Cooper and all of its servicing functions will be rebranded “under the Rocket umbrella.”

"National banks may be required to comply with a wide range of state consumer financial laws," according to lawyers at the law firm of Ballard Spahr.

One servicing advisor, speaking on background, called six-month reporting a “wrong-headed idea,” adding: “It’s chaos for chaos’ sake.”