Regulation and Compliance
Coming Up:
CFPB Sues Vanderbilt Mortgage For Trapping Borrowers In Risky Loans
The regulator alleges that the manufactured-home lender ignored obvious red flags about borrowers' ability to repay
NAHB, 15 State AGs Sue HUD, USDA Over Building Codes
They claim updated energy-efficiency standards for certain single-family and multifamily housing programs were implemented unconstitutionally
Homeownership Is Underwater, Up In Flames, Or In The Wind
Forget the fallout from twisters in Iowa, hurricanes in Florida, wildfires in California, and Texas-sized hail storms. A more consequential threat looms.
CFPB Sues Rocket Homes, Real Estate Brokerage Over Kickback Scheme
Rocket remains defiant, calling the allegations ‘false and a distortion of reality’
Here Comes The Sun: CFPB Finalizes Rule On PACE Loans
The rule requires new disclosures to protect homeowners using PACE financing for home improvements
PACE Yourself
How green dreams for homeowners turn into lenders’ red flags
Mortgage Banker
Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies
Rocket seeks dismissal of the DOJ's October lawsuit alleging the lender committed racial appraisal bias.
CFPB Finalizes Rule Increasing Federal Oversight On Nonbank Fintechs
The final rule concerns lenders that offer digital payment apps and handle more than 50 million transactions per year.
Banking Regulator Testifies On Digital Transition, Climate Risks
Head of the OCC shares front-line perspectives as federal agencies prepare for a second Trump administration
FHA Proposes Looser Boarder Income Requirements For Qualifying Borrowers
The proposed changes reduce acceptable rental income history from two years to 12 months, among other expansions of FHA guidelines