Regulation and Compliance
Coming Up:
Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship
Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements
CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending
Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market
Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote
Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support
MISMO Updates Business Glossary To Support AI, eMortgages
New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency
Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.
ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.
NMP
MISMO Launches AI Governance Framework For Mortgage Lenders
New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation
CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis
CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk
UAD 3.6 Deadline Nears; First American Earns Verification
First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements
MISMO Introduces New Loan Boarding Standard
Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan
The GLBA Compliance Gap Your AI Deployment Just Opened
Old statutes, new models, and the vendor contract you signed before machine learning became operational