Regulation and Compliance
Coming Up:
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
CFPB Seeks Insight On Creating A Fairer Mortgage Market
The Consumer Financial Protection Bureau has been actively looking to create a fairer mortgage market, free of discriminatory engagements. To do so, it issued a Request for Information to seek input on rules implementing the Home Mortgage Disclosure Act.
Regulators Renew Effort to Protect Against Foreclosures
CFPB, The Fed, FDIC and other agencies will watch for compliance with COVID-19 protections
Fed To Begin Tapering Asset Purchases by 14.3% This Month
Also sets target range for the federal funds rate at 0 to 1/4%.
CFPB Cracks Down On Discriminatory Credit Reporting For Black And Hispanic Consumers
Consumers in majority Black and Hispanic neighborhoods are far more likely to have disputes appear on their credit reports.
CFPB Names 2 New Assistant Directors
Former Obama Administration officials will lead Supervision Policy, Enforcement divisions.
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie
The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.
Crime Stories From The Trenches
Bad brokers, renegade Realtors, treacherous title agents. It’s getting tough out there.
NMP
Feds Reviewing Appraisal Standards, Qualifications
Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.