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Home » Topics » IMFnews » Regulatory

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Short Takes: More to Come From DOJ / PrimeLending Posts Loss / AGMIT Close to Acquiring WAMC

October 20, 2023
Brandon Ivey
The DOJ has more than 24 investigations into redlining in progress.
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Compliance Still a Concern With LOs Working Remotely

October 19, 2023
Sam Manas
Standards for remote work by loan originators vary by state.
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States Settle Mortgage Payment Fiasco With ACI

October 18, 2023
Sam Manas
ACI Payments erroneously charged payments on the accounts of 480,000 mortgage holders serviced by Mr. Cooper.
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Short Takes: CRA Rule Coming Tuesday / Applications Down / Trends in Non-QM Delinquencies / Closed-End Second Securitization

October 18, 2023
Brandon Ivey
Banking regulators plan to release a final rule Oct. 24 with revisions to standards under the Community Reinvestment Act.
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FHFA Yields to Industry Criticism on Buyback Requests

October 17, 2023
Dennis Hollier
FHFA will direct the enterprises to treat loans with COVID-19 forbearance like those impacted by a natural disaster. Fannie and Freddie will also do a better job explaining buyback requirements.
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NASDAQ Tells Fintech Better.com It’s Not in Compliance With Listing Requirements

October 16, 2023
Paul Muolo
Better’s shares have been trading below $1.00 a unit for several weeks now.
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Short Takes: CFPB and DOJ on Immigration Status / New HEI Securitization / Home Prices Up in Third Quarter

October 13, 2023
Brandon Ivey and James Dohnert
The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.
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CFPB Sues Freedom for HMDA Reporting Issues

October 11, 2023
Brandon Ivey
The CFPB alleges that Freedom didn't sufficiently address HMDA reporting issues following a 2019 consent order.
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Short Takes: ARM Applications Jump / CFPB Targets Fees at Big Banks / Cenlar Makes QC Hire

October 11, 2023
Brandon Ivey
Applications for ARMs increased by 15% on a weekly basis.
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Servicers Support FHA’s Face-to-Face Proposed Changes

October 10, 2023
Monica Hogan
The comment period closed last week on a July proposal from HUD.
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