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Home » Topics » IMFnews » Regulatory

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Federal Regulators Look to Boost Borrower Scrutiny of Appraisals

June 9, 2023
Brandon Ivey
Regulators published proposed guidance on reconsiderations of value in mortgage transactions.
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Freddie Announces Affordable Housing Product for Tribal Lands

June 8, 2023
Dennis Hollier
HeritageOne, a single-family mortgage product, addresses goals outlined in Freddie's 2022-2024 duty-to-serve plan.
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CRA Treatment of Ginnie Buyouts Under Scrutiny

June 8, 2023
Monica Hogan
There's some uncertainty on how revisions to Community Reinvestment Act standards will treat repurchases of delinquent loans pulled from Ginnie Mae pools.
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Short Takes: Rate Locks Decline in May / Community Banks Pulling Back / Leo Leaving SFA / Homeowners Insurance and Affordability

June 8, 2023
Brandon Ivey
Locks for both purchase mortgages and refis declined on a monthly basis in May.
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Short Takes: CFPB Warning on Chatbots / Attorneys Get Their Share / Renters, Stress and Homeownership / Applications Down Again

June 7, 2023
Brandon Ivey
The CFPB warned that companies that deploy the technology could fail to comply with consumer protection laws...
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Clarifications Sought Regarding Ginnie Buyouts/CRA

June 5, 2023
Monica Hogan
Apparently, there's a lack of clarity on how to treat repurchases of delinquent loans pulled from Ginnie Mae pools...
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Biden Administration Proposes Rule on Automated Valuation Models

June 2, 2023
Sam Manas
Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.
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Nonbank Ginnie Issuers Making Progress on Capital Requirements

June 2, 2023
Monica Hogan
Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.
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Lenders Concerned by FHFA Credit Score Proposal

June 1, 2023
Brandon Ivey
Industry participants want the Federal Housing Finance Agency to delay implementation of credit score changes tied to the capital framework.
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Short Takes: State Farm Exits California / MSR Deals From Phoenix / MISMO Reference Model / FHFA Joins Disaster Mitigation Group

June 1, 2023
Sam Manas and Paul Muolo
State Farm has a 20% share of the homeowners market in the Golden State...
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