FHFA and FHA issued new standards for reconsiderations of value.

FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.

At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.

Federal Reserve Governor Michelle Bowman noted issues with how the proposal on capital requirements for large banks would impact the MBS and ABS markets.

Workers across industries, including mortgage companies, had sent FTC comments describing how noncompetes compel them to endure jobs with poor working conditions. The MBA and other trade groups oppose the rule.

“Since mortgage borrowers are captive to a company they never chose to do business with, we are working hard to detect and deter violations of law,” said CFPB Director Rohit Chopra.

Examples from various industries, including the mortgage market, helped to push the FTC to issue the final rule.

The civil monetary penalties resulting from the administrative actions were roughly $26.4 million.

The Mortgage Bankers Association raised concerns about the new requirements.

"It’s hard to see how a charge that is clearly disclosed to the borrower before they enter into the transaction ... and only charged once at closing can be said to unreasonably take advantage of consumers," said Peter Idziak, a senior associate at the law firm of Polunsky Beitel Green.