A former GSE regulator said if the new administration isn’t willing to reduce FHA premiums, it should reset expectations for the capital ratio of the MMIF.
Draper & Kramer will be prohibited from residential mortgage lending activities for five years, though the CFPB noted that Draper & Kramer wound down its operations last year.
The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.