Regulation and Compliance
Coming Up:
Bank Associations Sue The CFPB Over Discrimination Regulations
The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.
The Fed Would Rather Do Too Much Than Too Little In Inflation Fight
September meeting minutes show renewed resolve to continue tightening monetary policy.
FHA Wants Input On Smaller-Balance Mortgages
Agency seeks industry input as a starting point to encourage greater origination of small-balance mortgages for FHA insurance.
Government Lending Has A Strong Digital Future
Long gone are the days of 300-page files and mail requests
NMP
Appraisal Business Fears Modernizing And Newcomers
Appraisers also need to mitigate appraisal bias
NMP
R.I. Mortgage Broker Pleads Guilty To $6M Ponzi Scheme
Decade-long scheme was used to finance a lavish lifestyle.
Fannie Mae Names Almodovar Its New CEO
Financial services veteran brings more than 30 years experience and a strong commitment to affordable housing.
OCC Fines Sterling Bank & Trust $6M Over Mortgage Fraud
Bank, parent company remain under criminal investigation by Justice Department and SEC.
Federal Court Shutters Sham Mortgage Relief Operation
FTC, California agency accuse 2 business owners of scam that cost consumers millions of dollars.
CFPB Seeks Input On Creating New Mortgage Products
Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.