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Short Takes: SCOTUS Upholds Robocall Ban / Zillow Resumes Homebuying in More Markets / Foreclosure Threat Grows / Consumer Financial Protection Week

July 7, 2020
Yemeng Yang

The Supreme Court upheld a law banning cellphone robocalls, striking down a debt-related exception created by Congress in 2015...


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Packed CFPB Rulemaking Agenda in Fall

July 7, 2020
Yemeng Yang

With the clock ticking down to the presidential election and the Supreme Court ruling the CFPB’s leadership structure unconstitutional, the bureau is rushing to check certain items off its rulemaking agenda.


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Rep. Waters Not Happy with SCOTUS Decision on the CFPB. However...

July 2, 2020
Yemeng Yang
But Waters acknowledged the ruling would make it easier for Joe Biden, if elected in November, to remove Trump’s CFPB director right away.

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FHA Publishes Quality Control Waivers in Response to the Pandemic

July 1, 2020
Maria Volkova

Lenders must conduct desk reviews of appraisals based on FHA standards...


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Ginnie Sets Restrictions Aimed at 'Strategic Buyouts' of Delinquent Mortgages

June 30, 2020
Brandon Ivey

Ginnie Mae said it is concerned that issuers could abuse buyouts and "undermine the integrity of the MBS program."


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Supreme Court Rules President Can Fire CFPB Director 'Without Cause'

June 29, 2020
Yemeng Yang

“The agency may therefore continue to operate, but its director, in light of our decision, must be removable by the president at will,” according to the majority opinion, written by Chief Justice John Roberts.


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House Democrats Seek to Overturn OCC’s CRA Revamp

June 26, 2020
Yemeng Yang

In order to nullify a rule using the Congressional Review Act, the resolution has to pass both houses of Congress before it goes to the president...


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HFSC Chair Waters Proposes Alternatives to GSE, FHA Forbearance 'Fees'

June 26, 2020
Dennis Hollier

In her letter, Rep. Waters acknowledges the need to manage the risk associated with forbearance loans, bu recommends an alternative to the steep LLPAs leveled by FHA and FHFA. Instead, the congresswoman says those costs should be spread across the agencies’ broader single-family portfolios, resulting in “near-negligible costs on any individual loan.”


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MBA Supports Expanding FHLB Membership to Include Nonbanks

June 24, 2020
Dennis Hollier

MBA suggests that mortgage-investing REITs also would benefit from the relaxation of the FHLB’s eligibility regulations...


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CFPB Offers Relief for Servicers to Provide More Loss-Mitigation Options

June 24, 2020
Yemeng Yang

The interim final rule goes into effect July 1...


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