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CFPB proposes new option for QM loan
Posted Date: Thursday, August 20, 2020
When is a QM loan not a QM loan? When it is originated three years before it gains QM status.
The Consumer Financial Protection Bureau issued a proposal which would create an option for lenders to issue non-qualified mortgage (QM) loans which eventually could qualify for QM safe harbor status after meeting certain criteria over a three-year period.
Read on for more details about the bureau’s proposal and the requirements needed to reach safe harbor status.
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CFPB changing peer review procedures
Posted Date: Friday, October 2, 2020
The Consumer Financial Protection Bureau (CFPB) announced that it will adopt new procedures for external peer review of data and reports from the bureau, beginning with findings from testing around the disclosure of time-barred debt.
The move comes months after the agency finalized a payday lending rule in which the bureau altered the interpretation of data originally used to justify the passage of ability-to-repay standards for payday lending.
Read on for more details from the CFPB’s announcement.
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OIRA guidance limits regulatory enforcement overlap
Posted Date: Friday, October 2, 2020
A new memo from the Office of Information and Regulatory Affairs provided guidance for regulators on pursuing enforcement actions against companies.
Among the guidance issued was that only one agency should bring an enforcement action against a company, eliminating potential overlap of regulatory enforcement bodies.
Read on for more details from the agency’s memo.
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Agency issues new guidance on compliance programs
Posted Date: Friday, October 2, 2020
For the first time the Commodity Futures Trading Commission has instituted staff-level guidance from the Division of Enforcement on evaluating compliance programs.
The agency said its newest guidance will be published in the agency’s enforcement manual, and follows a recent update of its civil monetary penalty guidance.
Read on for more details of the regulator’s expectations of company compliance programs.
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HUD OIG audits top Section 184 lender
Posted Date: Friday, October 2, 2020
A recent review by the Department of Housing and Urban Development (HUD), Office of Inspector General (OIG) of the largest Section 184 Indian Home Loan Guarantee lender found that the lender did not always follow program requirements.
HUD OIG made three recommendations in light of the findings of the investigation.
Read on for more details from the report.
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ICBA asks Fed to speed payments launch
Posted Date: Friday, October 2, 2020
The Independent Community Bankers of America (ICBA) called on the Federal Reserve to step up the regulator’s work on its FedNow payments system.
The Federal Reserve is targeting a launch of its real-time payments system in 2023 or 2024, but ICBA wants the program to go live as soon as possible.
Read on for more details from the ICBA’s request.
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GAO warns FDIC of regulatory capture shortcomings
Posted Date: Tuesday, September 29, 2020
A recent report by the Government Accountability Office (GAO) found weaknesses in the examination process of the Federal Deposit Insurance Corp. (FDIC) which could expose the regulator to the risk of regulatory capture.
GAO offered four recommendations to the FDIC in its report, saying management could better address threats to capture by improving adherence to agency policies.
Read on for more details from the GAO’s findings.
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CFPB back for encore with enforcement action
Posted Date: Tuesday, September 29, 2020
For the second time, the Consumer Financial Protection Bureau (CFPB) has filed suit against the largest debt collector and debt buyer in the country.
The bureau filed suit against Encore Capital Group, Inc., and its subsidiaries, alleging the company violated terms of a 2015 consent order with the CFPB.
Read on for more details about this encore enforcement action.
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Real Estate Roundtable CEO talks Main Street to committee
Posted Date: Tuesday, September 29, 2020
In a hearing before the Senate Banking Committee on the effectiveness of Federal Reserve facilities created through the CARES Act, The Real Estate Roundtable President and CEO Jeffrey DeBoer told the committee how changes to the Main Street Lending facility could benefit industry and businesses.
DeBoer said in prepared testimony that the Main Street facility has “significant untapped potential.”
Read on for more details from DeBoer’s appearance.
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Lenders think third quarter might be even better
Posted Date: Tuesday, September 29, 2020
The second quarter might have been historically strong for the mortgage industry, but according to Fannie Mae’s latest survey, lenders believe the third quarter will be as good – or maybe better.
Nearly half of lenders surveyed by Fannie said they believe profit margins will increase in the third quarter from the second quarter.
Read on for more details on lenders’ outlook for the fall.
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Citi CEO to leave, Fraser to step up
Posted Date: Tuesday, September 29, 2020
Citi CEO Michael Corbat announced that he would retire from the company in February 2021 after eight years as CEO and 37 at Citi.
Citi’s board of directors said Jane Fraser, the president and CEO of Global Consumer Banking, would succeed Corbat in February.
Read on for more details about the change in leadership.
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Industry originated $1.1 trillion in Q2
Posted Date: Tuesday, September 29, 2020
The mortgage industry posted its best second quarter in history, according to a report from Black Knight Inc.
The company said lenders originated nearly $1.1 trillion of first-lien mortgages in the second quarter – the most since Black Knight began tracking volume in 2000.
Read on for more details from the company’s report.
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Bureau teams with New York in debt-collection suit
Posted Date: Friday, September 25, 2020
In a joint enforcement action, the Consumer Financial Protection Bureau and New York Attorney General filed suit against a group of debt-collection companies for alleged deceptive and harassing practices.
The complaint alleges that the violations stemmed from 2015 and were used to induce consumers to make payments to the debt-collection companies.
Read on for more details from the enforcement action.
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Crapo seeks answers from OCC
Posted Date: Friday, September 25, 2020
Senate Banking Committee Chairman Mike Crapo (R-Idaho) is asking the Office of the Comptroller of the Currency for information about its work on fintech and digital currencies.
Crapo wrote to the agency looking for clarity around the treatment of digital payments.
Read on for more details from the request.
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CFPB continues enforcement with VA lenders
Posted Date: Friday, September 25, 2020
The Consumer Financial Protection Bureau (CFPB) has levied enforcement actions against three more mortgage companies in an ongoing investigation of lenders targeting servicemembers and veterans.
The CFPB’s latest consent orders involve mortgage lenders based in Delaware, Maryland and Miami and involve allegations of violations of the bureau’s authority to regulate deceptive acts and practices.
Read on for more details from the latest bureau activities.
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Credit unions profited as pandemic took hold
Posted Date: Friday, September 25, 2020
Following their banking counterparts, the National Credit Union Administration reported that the credit union industry also posted profits in the second quarter of 2020, despite the pandemic.
Profits were down sharply from a year ago but remained positive as total assets also soared.
Read on for more details from the regulator’s second-quarter report.
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MBA throws weight behind proposed QM changes
Posted Date: Friday, September 25, 2020
The Mortgage Bankers Association (MBA) offered its support for a Consumer Financial Protection Bureau proposal to change the way a qualified mortgage (QM) is determined.
The trade association told the bureau that it backed both the idea to create a standard based on the spread of loan price against the average prime offer rate, as well as the proposal to eliminate debt-to-income as a standalone factor for QM eligibility.
Read on for more from MBA, including its recommendations on how to improve the proposal.
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Subcommittee report finds potential billions in PPP fraud
Posted Date: Tuesday, September 22, 2020
A preliminary report from the Select Subcommittee on the Coronavirus Crisis on the Paycheck Protection Program (PPP) found the potential for billions of dollars which might have been diverted to fraud, waste and abuse.
That total includes more than $1 billion in loans to companies who received more than one PPP loan.
Read on for more details from the report and the subcommittee’s reaction.
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CFPB issues second remittance rule enforcement
Posted Date: Tuesday, September 22, 2020
For only the second time since its founding, the Consumer Financial Protection Bureau settled with a company over violations of the Remittance Transfer rule.
The settlement announced with Trans-Fast Remittance LLC and Sigue Corp. and its subsidiaries follows the bureau’s only other enforcement action regarding violations of the rule, issued in September 2019.
Read on for more details of the bureau’s enforcement activity.
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OIG says NCUA needs third-party oversight power
Posted Date: Tuesday, September 22, 2020
The National Credit Union Administration (NCUA) Office of Inspector General became the latest in a long line to recommend that the NCUA gain statutory authority to examine and oversee credit union service organizations and third-party vendors.
The office’s audit follows earlier recommendations from the Financial Stability Oversight Council and the Government Accountability Office that the credit union regulator should have the same authority which banking regulators have.
Read on for more details from the agency’s audit report.
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MBA says profits soared in second quarter
Posted Date: Tuesday, September 22, 2020
As more data from the second quarter is released, the strength of the housing and mortgage market becomes more apparent.
The Mortgage Bankers Association’s (MBA) latest report found that mortgage lenders reported second-quarter profits that were 184 percent higher than the first quarter, and the highest levels since MBA began tracking profits in 2008.
Read on for more details from the latest figures.
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SEC whistleblower gains more than $1.25 million
Posted Date: Tuesday, September 22, 2020
A whistleblower whose significant information prompted the Securities and Exchange Commission (SEC) to initiate a cause examination and bring an enforcement action that resulted in the return of millions of dollars to harmed investors has been rewarded.
The SEC said the whistleblower in the case will receive more than $1.25 million, part of more than $500 million in awards since 2012.
Read on for more details about the award.
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FTC proposing FCRA changes
Posted Date: Tuesday, September 22, 2020
The Federal Trade Commission (FTC) is seeking comment on proposed changes that would bring several rules implementing parts of the Fair Credit Reporting Act (FCRA) in line with the Dodd-Frank Act.
The FTC said the proposed changes would clarify that the regulator’s FCRA rules apply only to motor vehicle dealers. The agency shares oversight of FCRA with the Consumer Financial Protection Bureau.
Read on for more details from the FTC announcement.
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NFL player among PPP fraud targets
Posted Date: Friday, September 18, 2020
The Department of Justice announced new arrests in ongoing work on cases involving fraud with the Paycheck Protection Program, bringing the total number of defendants charged to 57.
Former NFL player Josh Bellamy was among the recent arrests made in the fraud cases.
Read on for details of the latest cases, along with reaction from Acting Assistant Attorney General Brian Rabbitt.
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OCC event highlights impact of new CRA rule
Posted Date: Friday, September 18, 2020
Acting Comptroller of the Currency Brian Brooks hosted a “Access to Capital Forum” in Denver to promote investment and lending in underserved areas and to highlight activities supported by the Office of the Comptroller of the Currency’s (OCC) new Community Reinvestment Act (CRA) rule.
The event was focused on investment and access to capital in Indian Country.
Read on for more details from the event, which featured 50 bankers, developers and advocates from Colorado and surrounding states.
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Crapo urges SEC action on rulemaking
Posted Date: Friday, September 18, 2020
Senate Banking Committee Chairman Mike Crapo (R-Idaho) recently wrote to Securities and Exchange Commission (SEC) Chairman Jay Clayton to encourage the agency’s effort to finalize rulemaking.
Although there are a number of rules in the final stages of the SEC’s agenda, Crapo in particular urged steps to be taken on shareholder proposal thresholds, saying the current rules have empowered “a small number of individuals with limited stakes” to consume corporate boardrooms.
Read on for more from Crapo’s letter.
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Quicken blows out first public quarter
Posted Date: Friday, September 18, 2020
In its first earnings report since launching as a publicly traded company, Rocket Companies – the parent of Quicken Loans and Amrock – had nothing but good news for its new investors.
Quicken Loans posted its most active and profitable quarter in the company’s 35-year history.
Read on for details from the report and feedback from CEO Jay Farner.
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Investigation snares four more in bank fraud allegations
Posted Date: Friday, September 18, 2020
Four new defendants who worked for a Chicago bank have been charged with fraud as the result of an ongoing criminal investigation.
Two Illinois attorneys were indicted last year for allegedly defrauding creditors and the trustee in a bankruptcy case by concealing cash and property.
Read on for more details of the new charges.
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New HMDA analysis reveals rise in median home values
Posted Date: Monday, September 14, 2020
A new look into data from the Home Mortgage Disclosure Act filings in 2019 by the Consumer Financial Protection Bureau sought to bring new insights into data points which have been included since the new HMDA rule was passed in 2015.
Among the findings is that the median home value has increased since 2018 in all loan property types.
Read on for more details from the bureau’s findings.
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Statement clarifies CDD requirements for institutions
Posted Date: Monday, September 14, 2020
A joint statement from federal regulators sought to clarify consumer due diligence (CDD) requirements for institutions under the Bank Secrecy Act.
The requirements involve customers who might be considered politically exposed persons.
Read on for more details about the compliance clarification from the Federal Reserve, the Federal Deposit Insurance Corp., the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency.
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Regulators finalize trio of banking rules
Posted Date: Monday, September 14, 2020
Federal financial regulators announced they finalized a trio of rules which were identical, or substantially similar, to interim final rules issued earlier in the year.
Among the three is a rule which allows institutions that adopt the current expected credit losses (CECL) accounting standard in 2020 to mitigate the estimated effects of CECL on regulatory capital for two years.
Read on for more details from the announcement.
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SEC names deputy director of enforcement
Posted Date: Monday, September 14, 2020
The Securities and Exchange Commission (SEC) announced that Marc P. Berger, director of the SEC’s New York Regional Office, has been named deputy director of the Division of Enforcement.
Berger was named director of the New York Regional Office in December 2017 and oversaw a professional staff of 400.
Read on for more details and reaction from the SEC chairman.
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Bureau looking into CARD Act effect
Posted Date: Monday, September 14, 2020
Ten years after the Credit Card Accountability Responsibility and Disclosure Act of 2009 was implemented, the Consumer Financial Protection Bureau is looking into the effect of the CARD Act on the industry, small entities and consumers.
The review is part of a statutorily required undertaking in Section 610 of the Regulatory Flexibility Act.
Read on for more details about the bureau’s request.
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FDIC looks to update MDI statement
Posted Date: Monday, September 14, 2020
The Federal Deposit Insurance Corporation (FDIC) approved a new proposed statement of policy to enhance efforts to encourage and preserve Minority Depository Institutions (MDIs).
The FDIC said the changes would update, strengthen and clarify policies and procedures related to the existing MDI framework.
Read on for more information about the proposed statement.
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FDIC proposes new appeals office in agency
Posted Date: Friday, September 11, 2020
The Federal Deposit Insurance Corp. (FDIC) announced that it will propose replacing the current Supervision Appeals Review Committee with an independent, standalone Office of Supervisory Appeals within the agency.
The newly created office would have final authority to resolve appeals, the FDIC stated.
Read on for more details from the proposal.
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Fed’s Brainard discusses digital currency
Posted Date: Friday, September 11, 2020
In a recent speech, Federal Reserve Gov. Lael Brainard gave an update on digital currencies and how fintech companies are looking to explore the future of digital payments.
The digital currencies present opportunities, she stated, but they also bring along risks around privacy, illicit activity and financial stability.
Read on for more details from Brainard’s speech.
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VA lenders reach consent orders with CFPB
Posted Date: Friday, September 11, 2020
The Consumer Financial Protection Bureau announced consent orders with two more lenders around their Veteran’s Administration loan practices.
The two new enforcement actions are part of four which the bureau has announced in the space since July.
Read on for details of the enforcements against the two lenders.
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Black Knight makes another acquisition
Posted Date: Friday, September 11, 2020
A month after announcing an acquisition of Optimal Blue for nearly $2 billion, Black Knight Inc. was back in buying mode.
The company announced another acquisition of a technology company that specializes in digital documents.
Read on for more details about the latest purchase, helping Black Knight accelerate its “goal of digitizing the entirety of the real estate and mortgage continuum.”
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Bureau pushes RFI comment period to December
Posted Date: Friday, September 11, 2020
The Consumer Financial Protection Bureau announced that it will provide an additional 60 days for public comment on its Request for Information (RFI) on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction.
The information provided will help the bureau continue to explore ways to address regulatory compliance challenges while fulfilling the bureau’s core mission to prevent unlawful discrimination and foster innovation, the agency stated.
Read on for more details about the extension.
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Pandemic cited in requests for longer GSE Patch sunset
Posted Date: Tuesday, September 8, 2020
In comment letters to the Consumer Financial Protection Bureau, industry representatives have asked the bureau to consider lengthening the time in which it plans to sunset the GSE Patch.
The bureau has proposed that the GSE Patch would expire once it promulgated a new General QM definition, but industry experts said there could be overlapping problems with that approach.
Read on for reaction from Fannie Mae and Freddie Mac, the Mortgage Bankers Association and others.
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NotaryCam CEO among honorees at NS3
Posted Date: Tuesday, September 8, 2020
For the ninth year, October Research, LLC, presented its annual awards for leadership, innovation and philanthropy, with some of the brightest stars in the title industry recognized for their efforts.
Publisher and CEO Erica Meyer presented the awards at the 16th annual National Settlement Services Summit (NS3), including one to NotaryCam CEO Rick Triola.
Read on for details about this year’s award winners, along with a look back to award winners of years past.
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Toys for Tots boosted by conference event
Posted Date: Tuesday, September 8, 2020
The ninth annual Make a Child Smile community service event at the National Settlement Services Summit (NS3) had a different feel this year.
The event, sponsored by Adeptive Software, featured a discussion between Terri Hanson, vice president, account services at Adeptive, and Toys for Tots President and CEO Lt. General James Laster.
Toys for Tots distributed more than 2 million toys, books and games already this year during the pandemic. Read on for more from the NS3 presentation.
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Federal agencies extend moratoriums through 2020
Posted Date: Tuesday, September 8, 2020
The federal housing agencies announced that they would extend moratoriums on foreclosures and evictions through at least the end of 2020.
Fannie Mae, Freddie Mac and the Federal Housing Administration announced that all loans which are backed or guaranteed by their agencies would extend the moratoriums, which were scheduled to expire Aug. 31.
Read on for more details from their announcements.
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Wells names new chief compliance officer
Posted Date: Tuesday, September 8, 2020
Wells Fargo announced changes to its Corporate Risk leadership, including the departure of Chief Compliance Officer Mike Roemer after a transition period.
The new business model will consist of five line-of-business chief risk officers, the bank stated.
Read on for more details from Wells Fargo’s announcement.
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CFPB using PSAs to boost redress reach
Posted Date: Tuesday, September 8, 2020
The Consumer Financial Protection Bureau released a series of public service announcements targeting consumers who were harmed by Siringoringo Law Firm, Stephen Lyster Siringoringo, Clausen & Cobb Management Company, Inc., and Joshua Cobb.
Eligible consumers for redress include all consumers who paid the Siringoringo Law Firm fees from July 22, 2011, through July 26, 2013.
Read on for more details from the bureau’s announcement.
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Zillow, regulators highlight quality speakers at NS3
Posted Date: Thursday, August 27, 2020
It’s safe to say that the 16th version of the National Settlement Services Summit (NS3) will be unlike any before. So it is fitting that the show is headlined by the first speaking appearance by Zillow at NS3.
Ryan Berry, the senior vice president, central operations at Zillow Group, keynotes NS3, which runs Sept. 1-3. He’ll be joined by representatives of eight federal and state agencies presenting at the event.
Read on for details about the conference, its featured speakers, and the networking opportunities to come.
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Trades take victory lap after refi fee postponed
Posted Date: Thursday, August 27, 2020
Following two weeks of intense pressure, industry trade associations celebrated an announcement from the Federal Housing Finance Agency that it would postpone the implementation of a fee on refinance loans from Sept. 1 until Dec. 1.
The agency said the fee would be necessary to help cover projected losses of $6 billion from Fannie Mae and Freddie Mac because of the pandemic.
Read on for details and reaction from the industry associations.
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Banking industry profits in pandemic
Posted Date: Thursday, August 27, 2020
In the midst of a pandemic and a recession, the banking industry continued to prove its strength, the Federal Deposit Insurance Corp. (FDIC) reported.
In its Quarterly Banking Profile of the second quarter of 2020, the FDIC reported the banking industry posted $18.8 billion in profits. That is the 42nd consecutive quarter in which the banking industry has reported profits, according to the regulator, dating back to the fourth quarter of 2009.
Read on for details from the report, as well as reaction from the FDIC and industry trade associations.
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ICBA notes community bank success with PPP
Posted Date: Thursday, August 27, 2020
The Independent Community Bankers of America (ICBA) said recently released data show that community banks are the unequivocal leaders of the U.S. economic recovery because of their outsized role as providers of Paycheck Protection Program (PPP) small-business loans.
The latest report from the Federal Deposit Insurance Corp. (FDIC) found that FDIC-insured banks made $480 billion in PPP loans in the second quarter, with ICBA stating more than half of those loans were made by community banks.
Read on for more details from the data.
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MBA report finds forbearance rates stubborn
Posted Date: Thursday, August 27, 2020
The latest report from the Mortgage Bankers Association on loan forbearance rates nationwide found that the overall level declined slightly for the 10th week in a row, yet remains stubbornly stuck above 7 percent.
The report estimates that 3.6 million homeowners across the country remain in forbearance plans, with nearly two-thirds of those in extensions to their original three-month forbearances.
Read on for more from the association’s findings.
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First American Mortgage Solutions integrates with CLARIFIRE
Posted Date: Wednesday, August 26, 2020
First American Mortgage Solutions, LLC, a part of the First American family of companies, announced completion of a strategic integration with Clarifire, a workflow automation provider that automates orders of First American Mortgage Solution’s FirstMod loss-mitigation products and services suite for CLARIFIRE technology users.
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FDIC mulls standards setting organization for onboarding
Posted Date: Tuesday, August 25, 2020
Could a centralized organization which provides certifications help ease the process of vendor management between financial organizations and third parties?
That’s the question the Federal Deposit Insurance Corp. is hoping to find answers to after recently issuing a request for information about the creation of a standards setting organization which would ease the onboarding process for institutions.
Read on for details of the request and information from agency officials including Chairwoman Jelena McWilliams and deputy director Leonard Chanin.
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CFPB cites TD Bank on overdraft product
Posted Date: Tuesday, August 25, 2020
The Consumer Financial Protection Bureau cited the U.S. operations of TD Bank for its overdraft enrollment practices.
The settlement between the sides will require TD Bank, N.A., to provide $97 million in restitution and pay a civil money penalty of $25 million.
Read on for details of the bureau’s order and reaction from TD Bank.
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Associations ask for finalized guidance before PPP restarts
Posted Date: Tuesday, August 25, 2020
Seeking clarity before a potential relaunch of the Paycheck Protection Program, two trade associations wrote the heads of the Small Business Administration and Treasury Department to ask for rules and guidance to be in place before any such program begins.
The Consumer Bankers Association and the International Franchise Association joined in the letter to the federal agencies.
Read on for details of their request.
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American Express to acquire Kabbage
Posted Date: Tuesday, August 25, 2020
Expanding its reaching into the fintech space, American Express announced plans to acquire Kabbage. Terms of the deal were not disclosed.
The acquisition does not include Kabbage’s pre-existing loan portfolio. Kabbage made a host of loans under the Paycheck Protection Program in recent months.
Read on for details from the announcement and analysis from Moody’s Analytics.
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Freedom Mortgage finally buys RoundPoint
Posted Date: Tuesday, August 25, 2020
In a deal that took more than a year to come together, Freedom Mortgage Corp. announced that it had bought RoundPoint Mortgage Servicing Corp.
The deal was labeled a merger, even as RoundPoint becomes a subsidiary of Freedom Mortgage. Freedom will have $310 billion in unpaid principal balance in its portfolio, among the 10 largest servicers in the country.
Read on for details from the announcement.
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Fannie, Freddie CEOs say lenders can absorb fee
Posted Date: Tuesday, August 25, 2020
In a joint letter released through their companies’ blog sites, the CEOs of Fannie Mae and Freddie Mac discussed their recent announcement on a loan-level price adjustment.
“The issues raised are too important for us not to address,” the pair stated, referring to the refinance fee Fannie and Freddie are instituting beginning Sept. 1.
Read on for details of the CEOs’ explanation.
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BSI Financial partners with Kasasa
Posted Date: Monday, August 24, 2020
Kasasa and BSI Financial Services have partnered to increase servicing speed and visibility of a revolutionary mortgage loan product that community banks and credit unions can market to their customers.
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Fannie, Freddie leaders detail pandemic work
Posted Date: Thursday, August 20, 2020
In calls announcing their second-quarter financial results, the CEOs of Fannie Mae and Freddie Mac talked about the work the agencies have done since the beginning of the pandemic.
They also both discussed the flood of mortgage activity in the second quarter, and their expectations for the market in the third quarter.
Read on for more from their comments.
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Regulators add to BSA guidance
Posted Date: Thursday, August 20, 2020
Federal banking regulators issued a joint statement updating existing guidance on compliance with the Bank Secrecy Act and anti-money laundering rules.
The agencies said the statement clarifies what generally are not considered the kinds of problems that would result in an enforcement action.
Read on for more details from the announcement.
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Federal Reserve details FedNow payment service
Posted Date: Thursday, August 20, 2020
The Federal Reserve Board announced details of the FedNow Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States.
The features and functionality described in the accompanying Federal Register notice represent a key milestone in the FedNow Service’s development and are based on input received from the public in response to the Fed’s 2019 request for comment.
Read on for more details from the announcement.
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MIAC Analytics partners with ComplianceEase
Posted Date: Thursday, August 20, 2020
Mortgage Industry Advisory Corporation (MIAC), a leading provider of financial analytics solutions, has partnered with ComplianceEase, the nation’s leading provider of automated compliance solutions to the financial services industry, to offer ComplianceAnalyzer in MIAC’s VeriFi 4.3 mortgage asset due diligence software platform.
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