The trade groups support the goals of CRA but believe the final rules exceed the authority of the regulators...

Between October 2021 and August 2023, 21 exams were conducted.

The lawsuit centers on whether requirements under the Truth in Lending Act apply to mortgages that are marked as commercial on loan documentation but have certain residential characteristics.

FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.

Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.

The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.

“MBA objects to the bureau’s overbroad interpretation of the scope of its abusiveness authority,” wrote Pete Mills, a senior vice president of residential policy and strategic industry engagement at the MBA.

“Our review found that when all relevant factors are controlled for, which CNN did not do, the difference in approval rates between Black and White borrowers falls to less than 1%,” said Debo Adegbile, a partner at the law firm of WilmerHale who was hired by Navy Federal to complete the review.

CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.

CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.