Regulation and Compliance

Ruling clarifies that unused HECM funds are contingent assets protected under homestead law, with implications for lenders, servicers, and originators

Tighter project-review and reserve requirements drew praise for improving condo standards, yet some lenders warned the changes could raise costs

LaDonna Lockard and Jeana Lanktree break down referral rules, hidden “thing of value” traps and how LOs can compete without crossing compliance lines

The shift could also reshape competitive dynamics between banks and nonbanks across mortgage origination and servicing

Fannie, Freddie ease insurance rules, allowing cheaper roof coverage, higher deductibles, and added flexibility for borrowers, condos, and lenders

Virginia disciplines AMC and appraiser for independence violations, highlighting enforcement trends and growing multi-state compliance risks for mortgage industry professionals

Executive order targets compliance burdens, appraisal rules, and capital standards that have reshaped the mortgage market since the financial crisis

Two executive orders target development barriers and lending rules the administration says are driving up home prices

Mortgage leaders say supply-focused package needs revisions to avoid limiting capital for housing development

Under the Homebuyers Privacy Protection Act, lenders can only access trigger leads if they have an existing relationship or the consumer opts in, ending unwanted calls and texts