Compliance

The U.S. Supreme Court has declined to consider litigation brought by Fannie Mae and Freddie Mac shareholders
The U.S. Supreme Court has declined to consider litigation brought by Fannie Mae and Freddie Mac shareholders that accused the government of overstepping its authority when redirecting the government-sponsored enterprises’ profits to the Treasury Department following the 2008 enactment of federal... Keep Reading....
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017.   In his introduction to the Strategic Plan, CFPB Acting Director Mick Mulvaney sought to... more
NAMB has praised the House of Representative for passing HR 1153, the Mortgage Choice Act, which is designed to amend the Truth-in-Lending Act (TILA)
NAMB has praised the House of Representative for passing HR 1153, the Mortgage Choice Act, which is designed to amend the Truth-in-Lending Act (TILA) to specify that neither escrow charges for insurance nor affiliated title charges shall be considered "points and fees" for purposes of determining... more
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017
In an interview ahead of the release of a revised strategic plan for his agency, Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (CFPB), signaled that he is planning to maintain the CFPB’s mission as defined by the Dodd-Frank Act without pushing for heavy-handed... more
Ginnie Mae has sent warning to nine lenders that they will be removed from the agency’s mortgage program unless they cease repeated and unnecessary refinancing of home loans by military personnel and veterans
Ginnie Mae has sent warning to nine lenders that they will be removed from the agency’s mortgage program unless they cease repeated and unnecessary refinancing of home loans by military personnel and veterans.   According to a Bloomberg report, Ginnie Mae cited the process called “churning” that... more