HUD

President-elect Donald Trump announced his intended nominations to lead the U.S. Treasury Department and the Department of Housing and Urban Development this past week, along with several others. Read on »

The Federal Housing Administration issued its annual report to Congress, offering insights about the financial health of the agency’s Mutual Mortgage Insurance Fund and other information about its policies and programs. Mortgage industry advocates responded, expressing optimism at the fund’s status while suggesting adjustments to make premiums more affordable. Read on »

Federal regulators released a host of information notable for lenders and other financial professionals, especially in the residential housing market. Get a sense of what some of these new developments could mean for your business in this regulatory roundup. Read on »

Regulators at the Department of Housing and Urban Development and the Federal Housing Administration listened to feedback from lenders requesting additional time to implement the necessary policies and procedures to comply with new reconsideration of value requirements. Read on »

Updates to the Federal Housing Administration’s (FHA) Defect Taxonomy aim to address issues of fraud and material misrepresentation involving sponsored third-party originators (TPOs). The updates apply to all FHA Title II Single Family mortgage programs and are effective immediately. Read on »

The Biden administration’s efforts to improve housing affordability through rent control initiatives have drawn criticism from mortgage and housing industry advocates, citing data on similar efforts by individual localities. Read on »

Federal housing regulators have been busy requesting and reviewing feedback from industry stakeholders on a wide array of proposed changes impacting mortgage originators and other institutions. Below are two particularly impactful requests for information for the secondary market and third-party originators, as well as news from two prudential financial regulators. Read on »

The Federal Reserve of Cleveland announced a key leadership change that, in turn, also means a change to the Federal Open Market Committee, which is tasked with determining the timing of future interest rate alterations. Read about this and other developments in this regulatory roundup. Read on »

Asserting the need for more oversight of federal housing regulators, the Senate Banking, Housing and Urban Affairs Committee convened a hearing to address pressing issues in the housing sector and assess the performance of its principal regulatory bodies. The hearing featured testimony from Federal Housing Finance Agency Director Sandra Thompson and Department of Housing and Urban Development Acting Secretary Adrianne Todman. Read on »

The Consumer Financial Protection Bureau’s final rule restricting credit card late fees faces a resolution of disapproval which has substantial industry support. The House Financial Services Committee voted 28-22 along party lines to advance the measure to the full House for consideration. See what various financial trade associations have to say about the resolution, as well as other recent regulatory and legislative developments. Read on »