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Home » Authors » Shannon Clark

Articles by Shannon Clark

Fannie, Freddie and Ginnie Issue Guidance on Shutdown

October 2, 2025
Shannon Clark
MBS issuance will continue at the GSEs and Ginnie Mae amid a partial shutdown of the federal government, but some changes will be temporarily in place.
Read More

MBA Details Regulatory Priorities

October 2, 2025
Shannon Clark
The trade group’s priorities include changes to loan originator compensation standards and a higher tax exemption on home sales.
Read More

MBA Advocates for Raising Home Sale Capital Gains Tax Exclusion

September 30, 2025
Shannon Clark
The trade group said raising the exclusion will help "unlock supply in the housing market."
Read More

Bank Loses Appeal of Preemption Lawsuit, With Broad Ramifications

September 30, 2025
Shannon Clark
"National banks may be required to comply with a wide range of state consumer financial laws," according to lawyers at the law firm of Ballard Spahr.
Read More

Appeals Court Rules Against Bank in Preemption Case

September 29, 2025
Shannon Clark
The Supreme Court’s decision last year in Cantero v. Bank of America is trickling down to lawsuits in lower courts, including a decision in a case about interest on mortgage escrow accounts.
Read More

Mortgage Compliance Dataset to Ease State Exam Burden

September 29, 2025
Shannon Clark
MISMO’s Mortgage Compliance Dataset will ease compliance processes for state regulators and mortgage lenders, according to mortgage industry experts.
Read More

District Court Refuses to Dismiss DOJ Lawsuit Against Rocket

September 29, 2025
Shannon Clark
Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.
Read More

Federal Mortgage Fraud Convictions Are Rare

September 29, 2025
Shannon Clark
Fewer than 3,000 people have been convicted of federal mortgage fraud over the past 12 years and most didn’t serve the maximum sentence, according to an industry researcher.
Read More

CFPB Terminates More Consent Orders Ahead of Schedule

September 29, 2025
Shannon Clark
The CFPB this month ended consent orders against four companies, including Apple and U.S. Bank, citing payments of penalties, among other reasons.
Read More

Widespread Opposition to Nonbank Supervision Proposal

September 29, 2025
Shannon Clark
Many industry stakeholders are worried the proposal would create consumer protection gaps in the financial sector.
Read More
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