On Thursday Congress passed, and the president signed into law, another short-term continuing resolution to fund the government until December 20. On Tuesday, the Federal Housing Finance Agency announced plans to repropose the agency’s rule on capital requirements for Fannie Mae and Freddie Mac in 2020. And this Sunday, November 24, the mortgage loan originator temporary authority law will go into effect.
The third quarter results of MBA’s National Delinquency Survey, released last week showed improvements in delinquency and foreclosure measures.
The Office of Management and Budget released its Fall Regulatory Agenda, and the Consumer Financial Protection Bureau indicated that changes to Mortgage Loan Originator compensation--a long time regulatory priority of the Mortgage Bankers Association--appears to be high on the radar screen.