Chopra Raises Concerns About Appraisal Management Companies November 14, 2023 Sam Manas CFPB Director Rohit Chopra focused on the interplay between appraisal management companies and how much appraisers are paid.Read More
Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
Fed Unlikely to Acquiesce to Industry’s MBS Proposals November 10, 2023 Dennis Hollier Federal Reserve Chair Jerome Powell said the Federal Open Market Committee will maintain a “brisk pace” of qualitative tightening.Read More
Short Takes: NAR Launches Flood Disclosure Tracker / TransUnion: Mortgage Balances Up / Realtor.com Aims to Educate Veterans / All-Cash Purchases on the Rise November 9, 2023 James Dohnert NAR says a FEMA proposal to mandate a flood disclosure form is unnecessary and would overly burden states. Read More
FHFA Plans Changes for FHLBank System November 8, 2023 Dennis Hollier One key element of the review addresses the FHLBanks’ role in the string of regional bank failures last spring.Read More
CFPB Reviews State CRA Laws, Nonbank Coverage November 3, 2023 Sam Manas CFPB Director Rohit Chopra last month pushed states to subject nonbanks to CRA coverage.Read More
Industry Participants Ramp Up Training on Appraisal Bias November 2, 2023 Sam Manas The GSEs are collaborating to create appraisal bias training for the appraiser community.Read More
Change Resolves CDFI Status Issues November 2, 2023 James Dohnert Change Lending has come to an agreement-in-principle with the CDFI Fund to regain its CDFI good-standing status.Read More
Short Takes: Zillow Boosts Originations / Figure Offers HELOC Tech / Sterling Bank and Trust Turns to Rocket / CHLA Seeks Streamlined Exams by States November 2, 2023 Brandon Ivey Zillow's production increased 35% from the second quarter.Read More
MBA Cautions Against FSOC Designations for Nonbank Mortgage Companies November 1, 2023 Brandon Ivey FSOC plans to set new standards for applying a “systemically important financial institution” designation to nonbank financial companies.Read More
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