Regulation and Compliance
Coming Up:
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
New Calendar, Or Dictionary, Needed For AnnieMac
Half-a-dozen class-action law firms have launched investigations into AnnieMac's "proactive" handling of a late-August data breach.
Consumer Watchdog Invites State Regulators To Dance
As regulatory roll-backs loom over financial sectors, the CFPB says consumers' financial data rights are states' to forfeit
Rescue Your Clients From High TI Costs
Borrowers underwater with taxes and insurance can be a default risk. Helping them is critical.
NMP