Regulation and Compliance
Coming Up:
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
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.