Regulation and Compliance
Financial system needs to be more resilient in face of disasters
July meeting minutes show another 50-basis-point rate hike is expected in September.
Company, portfolio manager agree to pay $1.825M combined in civil penalties.
Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.
Experts say housing industry will shrug off the latest increase.
Company also agrees to cooperate with ongoing investigations of the title insurance industry.
Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.
So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.
Equating non-bank mortgage companies to banks is misguided for several reasons.
In addition to increased rulemaking and outreach, there has also been an enforcement uptick.