Regulation and Compliance
Coming Up:
CFPB Director: Agency Reviewing QM Rules, Other Regulations
In a blog post, Rohit Chopra says the goal is to “more clearly communicate the agency’s expectations.”
New GSE Guidelines Challenge Condo/Co-op Lenders
Lenders have a terrible time obtaining up-to-date and accurate info from public data
NMP
10 Legal Steps Every Small Business Should Take
Stay guarded to limit your liability
NMP
The Fed Boosts Benchmark Rate By 0.75%
Increase is the largest since November 15, 1994.
FHFA Finalizes Housing Equity Plans For GSEs
Publishes separate 3-year equitable housing plans for Fannie Mae & Freddie Mac focusing on inclusion.
FHFA Releases Inaugural Mission Report
The report for 2021 highlights progress in supporting greater access to financing for targeted economic development and affordable, sustainable, and equitable housing.
Freddie Mac Announces Automation Of Key Underwriting Criteria
GSE says verification of assets, income, and employment increases efficiency and reduces risk
Fed Minutes: Peak Target For Benchmark Rate Is 3.13%
Minutes of May meeting reveal discussion of raising rates faster than anticipated.
Senate Confirms Thompson As FHFA Director
Had held title of interim director since June 2021.
Forum Calls For More Inclusive Access to Homeownership
FHFA, policy experts, and journalists join NAR-Urban Institute discussion on accessibility and affordability challenges.