Industry Cheers Revisions to Suspended Counterparty Rule December 16, 2024 Dennis Hollier The re-proposal elicited just three comments, unlike the flood unleashed by the initial proposal.Read More
Commission Changes on Home Sales Causing Confusion for Sellers and Buyers December 16, 2024 James Dohnert Bottom line: The court-approved change is causing confusion for both buyers and sellers.Read More
Short Takes: Waters to Remain Ranking Member of HFSC / Chopra Defends CFPB Actions / MCT to Pilot Use of FICO 10 T / HEL Tool From ICE December 12, 2024 Brandon Ivey The California Democrat vows to fight to maintain consumer protections.Read More
Short Takes: Frustration, Optimism on Trigger Leads / Planet Financial’s Debt Offering Upsized / Negative Outlook for Rocket / Rocket’s CES Securitization Slows December 11, 2024 Brandon Ivey Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.Read More
CFPB Data Broker Proposal Could Impact Mortgage Lending December 10, 2024 Shannon Clark The proposed rule will ensure protections from the Fair Credit Reporting Act apply to sensitive information, including information sold by data brokers.Read More
Rocket Files Lawsuit Against HUD on Appraiser Independence December 5, 2024 Brandon Ivey Rocket sees conflicts in government policies for appraiser independence.Read More
Short Takes: Planet Financial Group Plans Debt Offering / Little Demand for ARMs / Regulators Taking More Comments on Burdens / Rithm Shifts on Expanded-Credit MBS December 4, 2024 Brandon Ivey Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.Read More
CFPB Activity Up Ahead of Change in Administration December 3, 2024 Shannon Clark At the end of fiscal 2024, the bureau had 1,758 employees, up 5% from a year earlier.Read More
Short Takes: FHA Adopts Bank-Like Cyber Reporting Requirements / CFPB Looks to Regulate Data Brokers / Bipartisan Legislation in House on AI / Expanded-Credit MBS From Invictus December 3, 2024 Brandon Ivey FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.Read More
Bipartisan Caucus Protests Title Waivers December 2, 2024 Dennis Hollier The caucus suggested FHFA’s title pilot hasn’t been appropriately vetted.Read More