Regulation and Compliance
Coming Up:
The Fed’s New Year’s Resolution: Stay The Course
Federal Bank of Minneapolis CEO offers thoughts on why Fed was wrong on inflation, and how to fix it.
Biden Signs New Law To Speed Or Waive Appraisals For VA Loans
The Improving Access to the VA Home Loan Benefit Act of 2022 was supported by the MBA.
New York Foreclosure Bill Becomes Law
Governor signs legislation that creates hard cap on statute of limitations.
Only Risk Will Lead To Reward
Brokers may need to move to middle ground to stay alive in depressed market
NMP
'Rinse-Repeat Cycle': Wells Fargo To Pay $3.7B For Violations
CFPB found the bank engaged in illegal practices on mortgage and car loans
Democrat, GOP State Attorneys General Ask Supreme Court To Rule on CFPB Constitutionality
Both groups support petition to hear case, but differ on how court should rule.
FHA Announces Pandemic Aid For Seniors With HECMs
The plan helps senior homeowners with FHA-insured HECMs who are behind on required property charge payments due to effects of the COVID-19 pandemic.
FHA Now Allows 'Double-Dipping' On Loans
Update of conflict of interest rule allows individuals to serve as both MLO and real estate agent, with certain restrictions.
The Fed Adopts Final Rule To Replace LIBOR
Final rule identifies benchmark rates based on SOFR to be used effective June 30, 2023.
The Fed Hikes Interest Rate 0.5%, Raises Target For '23
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.