CFPB, Payment Provider Settle Over Erroneous Mortgage Payments June 27, 2023 Sam Manas The CFPB settled with ACI Worldwide and subsidiary ACI Payments over 1.4 million illegal mortgage payment withdrawals.Read More
Lenders Critical of Proposal on NMLS Reporting Requirements June 27, 2023 Sam Manas The proposed standards would create uniform requirements for mortgage companies licensed through the NMLS.Read More
Coalition of Trade Groups Seek Slower Transition on Credit Scores June 23, 2023 Brandon Ivey Currently, FHFA plans to modernize credit score usage by Fannie Mae and Freddie Mac in two phases, with full implementation scheduled for the fourth quarter of 2025.Read More
SEC Open to Walking Back Some Provisions in Conflicts Proposal June 23, 2023 Brandon Ivey The SEC is still working to establish a rule required by the Dodd-Frank Act to address conflicts of interest in the securitization market.Read More
Trade Groups Continue to Fight GSEs' Condo Rules June 23, 2023 Dennis Hollier Lenders, Realtors and community associations team up to fight restrictions put in place following the condo collapse in Surfside, FL.Read More
NCUA Head Sees Warning Signs in HELOC Activity June 21, 2023 Brandon Ivey "Warning signs are also flashing on the horizon," according to Todd Harper, chair of the National Credit Union Administration.Read More
Numerous Regulatory Changes Involving FHA in the Works June 20, 2023 Monica Hogan More than a dozen actions are planned in the coming months.Read More
CFPB Plans Proposal to Streamline Servicing Standards June 16, 2023 Brandon Ivey Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.Read More
FHFA Increasing Efforts to Address Climate Change June 16, 2023 Dennis Hollier Eight internal working groups collaborate with FHFA's Climate Change and ESG Steering Committee to develop climate-related plans and policies.Read More
UnidosUS Launches Latino Homeownership Campaign June 15, 2023 Sam Manas The Hispanic advocacy nonprofit has a goal to create four million new Latino homeowners by 2030.Read More