Regulation and Compliance
Coming Up:
Debate Over New GSE Pricing Framework Rages
GOP proposes 2 bills in Congress to repeal; Urban Institute says changes don't penalize rich to help poor.
Servicers Are Sinking Seniors
Increase in foreclosures for HECMs a troubling trend
Mortgage Banker
Capital Framework Changes Will Strike Better Balance
Altered credit conversion factor increases liquidity of uniform mortgage-backed securities
Mortgage Banker
First Republic Bank Seized, Sold To JPMorgan
FDIC estimated that the second-largest bank failure in U.S. history will cost Deposit Insurance Fund $13 billion.
CFPB Issues Rule To Facilitate Wind Down Of LIBOR
Interim final rule contains updates to reflect a new law and Federal Reserve Board regulation.
MISMO Recruiting For New Reverse Mortgage Group
The development work group will analyze and develop standards for reverse mortgages.
DocMagic Introduces ADA-Compliant Digital Loan Documents
The new digital documents are accessible to visually impaired users and others with disabilities.
FHFA Director Says It Ain't So
Thompson denies pricing changes at Fannie, Freddie make wealthier borrowers subsidize poorer ones.
Feds: AI No Excuse For Breaking The Law
CFPB, DOJ, EEOC, and FTC issue joint statement saying automated systems have potential to harm consumers.
MISMO Seeks Comment On Version 3.5 of the PaVS I-Guide
The 60-day public comment period for the guide runs through June 26.