National Mortgage News, Mar. 7, 2021–Kate Berry (subscription)The Consumer Financial Protection Bureau’s mortgage underwriting rule remains a political football following the agency’s decision to delay a key compliance date. Pete …
Category: Top National News
Algorithms and Housing Discrimination: Rethinking HUD’s New Disparate Impact Rule
The Brookings Institution, March 5, 2021–John Villasenor and Virginia FoggoIn September, HUD published a rule fundamentally changing the framework for pursuing disparate impact claims under the Fair Housing Act. In …
The Tax Man Cometh
UExpress, Mar. 5, 2021–Lew SichelmanThey may not increase this year, or even next year. But thanks to the unusually large jump in housing prices over the last 12 months, plus …
D.C. Power Shift Complicates Fed Decision on Capital Rule
American Banker, Mar. 4, 2021–Hannah Lang (subscription)The industry wants regulators to extend a temporary measure making it easier to satisfy the supplementary leverage ratio. But Democrats’ control of the White …
Finding Opportunities Amid an Improving MSR Market
MReport, Mar. 4, 2021–Brandon McGeeAccording to the Mortgage Bankers Association, nearly 5.5% of all homeowners were in forbearance plans in early December. While this was a decrease from 8.5% six …
Fannie, Freddie’s Old FICO Standards Squeeze Millions of Would-Be Homebuyers
Orange County Register, Mar. 4, 2021–Jeff LazersonThe reality is mortgage giants Fannie and Freddie continue to mandate the use of legacy FICO software from two decades ago rather than current …
CFPB Delay of QM Rule Implementation is a Terrible Move
HousingWire, Mar. 4, 2021–David Stevens, CMBFormer MBA President & CEO says the Consumer Financial Protection Bureau is creating uncertainty and disruption in the housing finance industry and literally forcing the …
Banks Lobby Congress to Postpone PPP Deadline
American Banker, Mar. 3, 2021–John Reosti (subscription)The Small Business Administration is still writing rules for the Paycheck Protection Program two months after its relaunch. Lenders fear they may not have …
Big Banks Don’t Need Further Relief from Capital Rule: Warren, Brown
American Banker, Mar. 2, 2021–Hannah Lang (subscription)Sens. Elizabeth Warren and Sherrod Brown urged regulators not to give in to industry requests to extend a temporary policy easing compliance with the …
Florida’s Flood Disclosure Rules Leave Homebuyers in the Dark
Bloomberg, Mar. 2, 2021–Leslie KaufmanThere are few places to purchase a home in the U.S. that have a greater risk of flooding than on the coast of Florida. But sellers …