Legislation & Regulation - Articles - Page 8

Waters Urges HUD to Rescind Final Disparate-Impact Rule

October 2, 2020

The final version of the disparate-impact rule shifts the burden of proof to show housing discrimination from lenders onto borrowers.

DOJ Files Suit Against HECM Lender for Faulty Underwriting

October 2, 2020

Maria Volkova

Nutter Home Loans is accused of trying to bolster reverse mortgage originations by using unqualified underwriters.

CFPB Fines Eighth VA Lender for Deceptive Ads

September 18, 2020

Maria Volkova

ClearPath Lending has been slapped with a $625,000 fine for deceptive advertising to veterans, bringing the total amount of fines issued by the CFPB to more than $3 million since July.

HUD Issues Final Rule on Use of Disparate Impact

September 18, 2020

Maria Volkova

Industry attorneys aren’t quite certain how the government will interpret the use of disparate-impact theory in enforcing fair lending laws.

Proposed QM Rule Could Increase FHA Market Share

September 18, 2020

Maria Volkova

Consumer advocates have urged the bureau to increase the safe-harbor QM threshold for first liens to a rate spread of 200 basis points.

HUD IG Finds Underwriting Issues at 1st Tribal Lending

September 18, 2020

1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders.

Accelerate, Others Snagged in CFPB's VA Dragnet

September 4, 2020

Maria Volkova

Over the past few months, the CFPB has levied formal charges against seven mortgage firms for false advertising tied to VA loans. A trend? Looks that way.