Regulation and Compliance
Coming Up:
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.
FHFA OK's Desktop Appraisals, Expands Refi Criteria
The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities.
CFPB Names 4 To Key Senior Positions
The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.
FHFA Raises Enterprises' Multifamily Loan Purchase Caps
The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages
The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.
Waterstone Mortgage Names VP Of Compliance
Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.
Battling The ‘Giant Purple Snorklewacker’
The confirmation of Rohit Chopra as CFPB director has the mortgage industry anxious, but former MBA CEO David Stevens offers some advice: follow the rules.