The ratings outlook for Fannie Mae, Freddie Mac and two of the FHLBanks have been upgraded from negative to stable, reflecting strong economic growth and heightened government support.
The American Association of Residential Mortgage Regulators’ best practices highlight issues state regulators should consider when approving a permanent work-from-home option for LOs employed by nonbanks.
The U.S. Chamber of Commerce said the multi-pronged assault on CFPB Director Rohit Chopra is an attempt to make rulemaking more predictable and halt the surprising actions and aggressive rhetoric.
Federal regulators have several mortgage-related regulatory revisions in the works, including standards for qualified mortgages and membership at the Federal Home Loan Banks.
Wells Fargo is in the process of changing where residential loans fit into the bank’s overall business. The company’s CEO cited GSE mortgages as a product that presents risk to the bank.
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