Regulation and compliance
Regulation and compliance
-
Fintechs must be held to the same standards as regulated financial institutions, a letter from the National Association of Federally-Insured Credit Unions stated that used Zillow's entrance into the mortgage business as an example.
January 9 -
The agency wants mortgage servicers to extend special forbearance plans to those affected by the partial government shutdown and evaluate borrowers for loss-mitigation options.
January 9 -
The government shutdown is not just affecting federal agency employees' ability to make their mortgage or rent payments, it could take them out of the home buying market, Zillow said.
January 8 -
The White House has officially nominated Mark Calabria as the next director of the Federal Housing Finance Agency.
January 8 -
As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages.
January 4 -
Borrowers and financial institutions may be feeling the strain from reduced operations at the FHA and IRS, which has suspended the release of certain income documentation during the budget impasse.
January 4 -
The agencies are weighing a plan to reduce the scope of residential real estate transactions requiring an appraisal, but appraisers have warned that the proposal could have consequences.
January 3 -
In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
January 3 -
Despite mortgage rates continuing their two month downslide, applications decreased 9.8% from two weeks ago due to market uncertainty, according to the Mortgage Bankers Association.
January 3 -
With its bolstered fundraising cache, the Mortgage Bankers Association Political Action Committee should hold an increased influence over the industry's policy and regulation issues in the coming year.
January 2 -
Fannie Mae's overall single-family serious delinquency rate dropped another notch in November, according to its most recent report, but the current government shutdown raises questions about whether that trend will continue.
December 31 -
The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.
December 31 -
It's not clear exactly what might pull investor sentiment and 10-year Treasury yields, which rates for the 30-year mortgage are benchmarked to, off the current lows.
December 31 -
The Massachusetts progressive said in a New Year's Eve email and video message to supporters that she’s launching an exploratory committee for a 2020 bid, which could give her an early edge in fundraising among several potential rivals for the Democratic Party nomination.
December 31 -
The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.
December 28 -
Southern California home sales fell sharply in November, deepening a retreat from a sustained housing boom that placed home ownership out of reach for many.
December 28 -
After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.
December 27 -
Lawmakers and industry groups were caught off guard when FEMA said it wouldn't issue flood insurance policies during the government shutdown, despite an extension passed last week.
December 27 -
The biggest question is whether new CFPB Director Kathy Kraninger will deviate from the pro-industry policies of her predecessor, or bring continuity.
December 25 -
Top U.S. financial regulators assured Treasury Secretary Steven Mnuchin during a hastily organized call they are seeing nothing out of the ordinary in markets.
December 24


















