Among other changes, CHLA said the CFPB should allow a lender to reduce compensation to its employees for the purpose of being able to match a competing offer for a borrower an LO has been working with.

It’s not yet clear what’s in the FDIC's pending CRA proposal or if the other federal banking regulators are planning similar proposals.

The MBA said increased competition in the credit score space could improve competition in the mortgage space “if implemented correctly.”

A judge allowed the CFPB to withdraw its amicus brief to the extent the brief discusses now-withdrawn advisory guidance but denied the bureau’s request to strike the brief from the docket.

For mortgage companies not currently subject to the BSA’s anti-money laundering reporting requirements, Fannie will implement requirements of its own.

In 2024, Ginnie MBS accounted for about 20% of large-bank investment security holdings with zero risk weight.

The trade association also offered several recommendations the CFPB should take up to provide some "flexibility" within the rule.

FHA also lowered restrictions on building in areas with flood risk.

The founders of the Brody Gapp law firm have mortgage-industry backgrounds.

FHFA's director ordered Fannie and Freddie to develop proposals for including cryptocurrency in borrower reserves when underwriting mortgages.