Compliance

The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion.   The FHFA stated that its caps were based on projections... Keep Reading....
Two of the nation’s leading mortgage industry trade groups are rallying their respective members to influence a pair of bills now working their way through Congress
Two of the nation’s leading mortgage industry trade groups are rallying their respective members to influence a pair of bills now working their way through Congress.   NAMB issued a call to action for its members to support H.R. 2570, The Mortgage Fairness Act of 2017. In an e-mail from Chris... more
Janet Yellen submitted her resignation as a member of the Federal Reserve’s Board of Governors, effective upon the swearing in of Jerome Powell as her successor as chairman of the central bank
Janet Yellen submitted her resignation as a member of the Federal Reserve’s Board of Governors, effective upon the swearing in of Jerome Powell as her successor as chairman of the central bank.   Yellen’s term expires on Feb. 3. She also serves as chairwoman of the Federal Open Market Committee,... more
President Trump is reportedly considering to fill the soon-to-be-vacant Director’s office at the Consumer Financial Protection Bureau (CFPB) with Mick Mulvaney, Director of the Office of Management and Budget
President Trump is reportedly considering to fill the soon-to-be-vacant Director’s office at the Consumer Financial Protection Bureau (CFPB) with Mick Mulvaney, Director of the Office of Management and Budget, serving on an interim basis.   According to a Bloomberg report citing “two people... more
Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) and, arguably, the most powerful and polarizing federal regulator in D.C., has announced that he is leaving his job eight months before the end of his term
Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) and, arguably, the most powerful and polarizing federal regulator in D.C., has announced that he is leaving his job eight months before the end of his term. In an internal memo, Cordray addressed the CFPB staff by... more