Regulation and Compliance
Coming Up:
MBA, USMI Endorse Thompson As Next FHFA Director
Currently acting director, Thompson was formally nominated to the post by President Biden on Tuesday.
Goodbye LIBOR, Hello SOFR
The FHFA will facilitate the transition away from LIBOR to the Secured Overnight Financing Rate (SOFR).
CFPB Highlights 'Wide-Ranging' Violations Of Law In 2021
The Consumer Financial Protection Bureau shared its latest Supervisory Highlights report which found a wide range of violations of law in 2021, including mortgage servicing and fair lending.
The Twelve Days of Renewals
The 2021 Renewal season brought no holiday joy to either regulator or industry users
Mortgage Banker
CFPB Issues Final Rule To Facilitate Transition From LIBOR
The transition from LIBOR was set into motion after a criminal rate-setting conspiracy implicated large international banks and undermined public confidence in the index.
CFPB Alters Threshold For Exempting Loans From Special Appraisal Requirements
The 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500.
Regulatory Review, Reformatted
The progress made to date with NMLS modernization
Mortgage Banker
November Surprise: Fed May Accelerate Tapering
Chairman Powell tells Congress of concerns about inflation, COVID-19 variant’s effect on recovery.
FHFA's 2022 Conforming Loan Limit Maxes Out At Nearly $1M
Baseline limit for Fannie, Freddie increases to $647,200, but for 'high-cost areas' loan ceiling set at $970,800 for single-family homes.
Regulators Are Back In The Saddle
There’s not only a new sherriff in town, it’s a whole gang of them.
NMP