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Home » Topics » IMFnews » Regulatory

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Hurdles for Participation in CFPB Disclosure Pilot

March 5, 2024
Shannon Clark
A trial disclosure program launched in November for construction loans doesn't have any approved participants.
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FHFA Aligns Timelines for Credit Score Transition

March 1, 2024
Dennis Hollier
“Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants,” said FHFA Director Sandra Thompson.
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CFPB to Make Changes to Reduce Conflicts of Interest Among Staff

March 1, 2024
Shannon Clark

“We are committed both to preventing conflicts of interest in our work and to preserving the independence of our staff,” said David Uejio, acting associate director of the CFPB’s supervision division.


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Ginnie Revises Financial Requirements for Manufactured Housing Lenders

February 29, 2024
Monica Hogan
Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.
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Short Takes: Little Sympathy for Banks / $301 Million From GSEs for Affordable Housing / Home Price Appreciation Projection / Newrez Partners on Home Sales

February 29, 2024
Brandon Ivey
Mat Ishbia, chairman and CEO of United Wholesale Mortgage, suggested that competition from nonbanks is helping to push banks out of the mortgage market.
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Banks Could See Preemption Win in Supreme Court Case

February 28, 2024
Shannon Clark
The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.
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GSE Conservatorship Not Expected to End Anytime Soon

February 27, 2024
James Dohnert
Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.
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CFPB Officials Scrutinize Appraisal Foundation

February 27, 2024
Shannon Clark
CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.
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Short Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock

February 27, 2024
Brandon Ivey
The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.
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Compliance Issues a Concern for MSR Owners

February 26, 2024
Monica Hogan
Julie McCurley, director of servicing at Mortgage Quality Management & Research, noted that subservicers typically review 10% of their entire portfolio, which consists of loans from multiple clients, providing a low probability for one client’s loans to be reviewed in a subservicer’s audit cycle.
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