‘One Company, One Exam’ Pilot Faces Challenges March 2, 2022 Rocket, the nation’s largest residential lender, received a 15-month moratorium on state exams in exchange for participating in the program.Read More
Record GSE Allocations to Housing Trust Fund and Capital Magnet Funds March 1, 2022 Dennis Hollier The HTF will receive about $740 million in 2022, the CMF $398 million.Read More
CFPB Broadens Public Access to its Rulemaking Process March 1, 2022 Sam Manas Submissions will be reviewed by the Office of the Executive Secretary in consultation with the legal division...Read More
Ginnie Considering Changes to Support CDFIs February 25, 2022 Monica Hogan The new Ginnie Mae chief said the agency hasn’t yet determined what avenues would make sense but “specialized pools” could be a possibility...Read More
FHFA Unveils New Eligibility Standards: 9% Capital for Nonbanks February 24, 2022 Dennis Hollier The new language recognizes the different risk profiles of GSE and Ginnie Mae servicing rights...Read More
In a Few Weeks, GSE Nonbank Eligibility Requirements? February 22, 2022 Paul Muolo BTIG predicts the FHFA’s proposal likely will dovetail with many of the prudential requirements for nonbanks finalized by the CSBS...Read More
OCC’s Hsu Says CRA Changes Coming Soon February 22, 2022 Sam Manas CRA trouble ahead? OCC chief Hsu: “Home mortgage lending is dominated by a few banks and nonbank institutions lending nationwide"...Read More
CFPB Study Suggests Mortgage Bankers Have a Diversity Problem February 16, 2022 Sam Manas Mortgage banking firms were the largest part of the sample with 104 institutions.Read More
Trade Group Wants Clarity on Nonbank Supervision February 15, 2022 Sam Manas Among other requests, the trade group wants the bureau to exempt smaller nonbanks from exams or audits...Read More
New Capital Requirements Expected for Nonbank Servicers February 14, 2022 Dennis Hollier Others, however, believe the regulator won't act until the Senate confirms a permanent director for the agency.Read More