The Department of Housing and Urban Development’s Mortgagee Review Board will exercise “restraint” in enforcing new regulatory requirements under the Real Estate Settlement Procedures Act, which will take effect Jan. 1. HUD instructed the MRB staff to be flexible toward FHA-approved lenders who show a good-faith effort to comply with the new rule for the first four months of the regulation being...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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