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Chopra Mum on Potential Changes to the QM Rule

November 9, 2021
Sam Manas
When asked if he supported the new qualified mortgage rule, Chopra said, “I don’t know"...
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Dems Extend G-Fee Surcharge to Pay for Infrastructure Bill

November 8, 2021
Dennis Hollier
The 10 bps g-fee strip inaugurated in 2011 to pay for a temporary tax cut is set to enter its second decade, despite expiring more than a month ago.
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FHFA OIG Lists Major Challenges Ahead for the Agency

November 3, 2021
Dennis Hollier
The OIG report also documents the lack of continuity in the leadership of DER.
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NY to Apply CRA Requirements to Nonbank Residential Lenders

November 2, 2021
Brandon Ivey
The MBA warned that New York's new requirements for nonbank lenders are "unworkable."
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Proposed GSE Housing Goals for Multifamily Causing Anxiety

November 2, 2021
Dennis Hollier
The proposal also includes a new area-based subgoal designed to reduce the likelihood that GSE purchases in low-income areas go disproportionately to higher-income borrowers.
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More Staff Changes at FHFA, Including AEI Alum Fisher

November 1, 2021
Dennis Hollier
Fisher, who joined FHFA in 2019 under former Director Mark Calabria, helped create the new division and played a key role in his plan to reduce the agency’s reliance on data and analysis...
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CFPB Appointments Emphasize Equity and Enforcement

November 1, 2021
Sam Manas
CFPB director Rohit Chopra named Lorelei Salas assistant director for the Office of Supervision Policy and Eric Halperin assistant director for the Office of Enforcement.
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Nonbanks Worry About Ginnie's Pending Capital Proposal

October 29, 2021
Brandon Ivey
In August, Ginnie sought comments on the capital standards. While some of the changes would apply to all servicers, others would apply specifically to nonbanks, the dominant players in the agency’s MBS program.
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Downpayment Assistance Spending Outlined in BBB Framework

October 29, 2021
Monica Hogan
Individual DPA grants could reach 10% of a home’s purchase price or $20,000, whichever is greater.
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The Latest Tally on Housing in the BBB: $150B

October 28, 2021
Monica Hogan
The White House called the new framework the largest single investment in affordable housing in U.S. history...
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