Legislative Issues

Browse articles from all of our Newsletters related to Legislative Issues.

February 15, 2019 - Inside Nonconforming Markets

Hopes Dim for Lower Loan Limit Mandate from Senate

A leading Republican in the Senate plans to leave loan limit decisions in the hands of the Federal Housing Finance Agency instead of mandating lower conforming loans limits as part of housing-finance reform legislation. Sen. Mike Crapo, R-ID, chairman of the Senate Committee on Banking, Housing and Urban Affairs, released an outline for reform legislation at the start of February. It calls for replacing the current guarantee functions of Fannie Mae and Freddie Mac with ...


January 31, 2019 - Inside Mortgage Finance

HFSC Freshmen to Focus on Key Housing Issues

Several new appointees to the House Financial Services Committee are likely to focus on important issues in housing finance, particularly affordable housing and fair lending, based on their past experiences.


January 28, 2019 - Inside the CFPB

CFPB Likely to Scrap ATR Portion of the Payday Rule

The critical ability-to-repay provision related to the 2017 payday lending rule is likely to be scrapped by the CFPB, industry attorneys observed.


January 18, 2019 - Inside FHA/VA Lending

Plan Afoot to Reintroduce VA ‘Orphan Loan’ Measure

Congress reportedly plans to reintroduce legislation that would restore Ginnie Mae eligibility for $100 million dollars’ worth of so-called orphan VA streamline refinance loans.


January 17, 2019 - Inside Mortgage Finance

Supreme Court Rejects CFPB Constitutionality Case

The U.S. Supreme Court Monday refused to hear a case challenging the constitutionality of the Consumer Financial Protection Bureau, turning away a legal challenge that could have led to more presidential power over the consumer watchdog.


Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

53%

Time for a change. Borrowers are different today.

35%

Undecided, still assessing the situation.

12%