Compliance

The Federal Housing Finance Agency (FHFA) updated its plans to implement its Single Security and the Common Securitization Platform (CSP) by announcing the Release 2 phase of the process
The Federal Housing Finance Agency (FHFA) updated its plans to implement its Single Security and the Common Securitization Platform (CSP) by announcing the Release 2 phase of the process will take place during the second quarter of 2019.   Under the FHFA plan, Release 2 will allow Fannie Mae and... Keep Reading....
After weeks of silence on the question of the future of the Consumer Financial Protection Bureau (CFPB)
After weeks of silence on the question of the future of the Consumer Financial Protection Bureau (CFPB), the Trump Administration has come out in favor of the concept of the agency but opposed to its set-up of a single director who does not answer to the Executive Branch.   According to a Bloomberg... more
Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari defended his status as the lone member of the central bank’s Federal Open Market Committee (FOMC) to vote against an interest rate hike in a 13-page essay
Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari defended his status as the lone member of the central bank’s Federal Open Market Committee (FOMC) to vote against an interest rate hike in a 13-page essay that challenged the Fed’s policymaking process.   According to a Bloomberg... more
An estimated 29,000 homeowners received permanent loan modifications from mortgage servicers during January, according to new data from HOPE NOW, with 20,000 solutions coming from proprietary programs and the remainder from the federal Home Affordable Modification Program, which came to its... more
The latest piece of congressional legislation seeking to reconfigure the Consumer Financial Protection Bureau (CFPB) was introduced by Sen. Rob Portman (R-OH)
The latest piece of congressional legislation seeking to reconfigure the Consumer Financial Protection Bureau (CFPB) was introduced by Sen. Rob Portman (R-OH), who is seeking to create a new dedicated, Senate-confirmed Inspector General (IG) to monitor the agency.   In its current set-up, the CFPB... more