HousingWire, Feb. 3, 2020–Kathleen HowleyThe Federal Housing Finance Agency said on Monday Houlihan Lokey Capital will create a “roadmap” that will include business and capital structures, market impacts and timing …
Category: Top National News
Tearing Up CFPB’s Mortgage Underwriting Rule is the Easy Part
American Banker, Feb. 2, 2020–Kate Berry (subscription)Now that the Consumer Financial Protection Bureau has vowed to remove an unpopular measure of loan affordability in its mortgage underwriting rule, the million-dollar …
The Value of Warehouse Lenders in the Mortgage Market
HousingWire, Jan. 31, 2020–Mike DunlapThe author, an MBA member and CEO of Merchants Bank of Indiana, says while the share of independent mortgage banks has grown in recent years, misconceptions …
FHFA Realigns Management Structure
National Mortgage Professional, Jan. 30, 2020–Phil HallThe Federal Housing Finance Agency announced a realignment of its structure, with the creation of new units and executive personnel changes designed to prepare …
CFPB’s Hiring of Former DOJ Official Could Raise Ire of Capitol Hill
National Mortgage News, Jan. 30, 2020–Kate Berry (subscription)The Consumer Financial Protection Bureau on Thursday hired Thomas Ward as enforcement chief, an appointment likely to draw attention from House Democrats, who …
Fed Issues Final Rule Clarifying Standards for Bank Investors
American Banker, Jan. 30, 2020–Hannah Lang (subscription)The Federal Reserve voted Thursday to finalize a new bank control framework for determining the circumstances in which one company controls another.https://www.americanbanker.com/news/fed-issues-final-rule-clarifying-standards-for-bank-investors
Fannie Mae Warns Lenders: There is a Growing List of Fake Employers Showing Up on Mortgages
HousingWire, Jan. 29, 2020–Ben LaneBack in 2018, Fannie Mae issued a warning to lenders after identifying more than 30 apparently fake companies that were appearing on borrowers’ mortgage documentation as …
Is the U.S. in a Housing Bubble?
HousingWire, Jan. 28, 2020–Logan MohtashammiSpoiler alert: no. Unlike the bubble years, purchase application data, existing home sales, new home sales, housing starts and the lack of cash-out refinancing all point …
OCC’s Otting, House Democrats Spar over CRA Reform
American Banker, Jan. 29, 2020–Brendan Pedersen (subscription)Most stakeholders agree that the Community Reinvestment Act needs to be reformed, but a congressional hearing featuring the regulator leading the reform effort showed …
End of the Mortgage Refi Boom Could Spell Trouble for Credit Unions
National Mortgage News, Jan. 28, 2020–Melissa Angell (subscription)Lower rates spurred a lot of unexpected mortgage business in 2019 but credit unions need to prepare themselves for what happens once the …