Mortgage

The month of June began in similar fashion to the previous two months – with a double-digit jump in mortgage application volume, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Read on »

The U.S. Senate confirmed a new deputy secretary of the U.S. Department of Housing and Urban Development (HUD) with a vote of 51-43. He previously served as HUD chief of staff under former HUD Secretary Ben Carson. Read on »

The Consumer Financial Protection Bureau singled out rulemakings pertaining to its Loan Originator Compensation (LO Comp) rule and mortgage servicing rules for review by the Office of Management and Budget. The inclusion of the word “rescission” in the official title listed for the LO Comp rulemaking has raised questions among legal experts. Read on »

A myriad of trade advocates emphasized their support for legislation seeking to impose a widely supported prohibition on “trigger leads,” sold by credit agencies when consumers apply for residential mortgage loans, in letters to House committee leaders. Read on »

October Research Chief Knowledge Officer and Keys to Real Estate podcast host Mary Schuster discussed why engagement between industry professionals and their regulators is so important while speaking with a pair of incredibly personable leaders of the National Association of Insurance Commissioners, which regulates the title insurance industry. Read on »

The volume of guidance withdrawn by the Consumer Financial Protection Bureau’s in May has raised many eyebrows among regulators, attorneys and financial professionals. One of the most notable examples is an interpretive rule concerning states’ ability to enforce federal consumer protection laws against national banks and federal savings associations. Read on »

The Consumer Financial Protection Bureau and the Department of Justice filed a motion in U.S. District Court to terminate a 2021 consent order with a Jacksonville, Miss., lender which was accused of redlining. The order was scheduled to expire in October 2026. Read on »

The American Bankers Association wrote to the Department of Housing and Urban Development Secretary Scott Turner, urging his agency to rescind its current disparate impact rule and go back to a version introduced in 2020. Debate over the rule has been ongoing since the rule was first issued in 2013. Read on »

The 2025 National Settlement Services Summit (NS3) will take place June 16-18 at the Westin Pittsburgh in Pittsburgh, Pa. A panel session titled, “The Impact and Benefits of Instant Payments to Real Estate Settlement Services,” is set for the final day of the conference. Read on »

Moody’s Ratings downgraded the credit ratings for Fannie Mae, Freddie Mac, the Federal Home Loan Bank System and the Farm Credit System by one notch in May, citing concerns over the nation’s growing debt and fiscal challenges. Despite the downgrade, Moody’s updated its outlooks for the government-sponsored entities from negative to stable, indicating no further downgrades are anticipated in the near future. Read on »