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Posted Date: Thursday, June 1, 2023
Federal Housing Finance Agency (FHFA) Director Sandra Thompson provided testimony before the House Financial Services Committee at a hearing entitled “FHFA Oversight: Protecting Homeowners and Taxpayers.”
In addition to addressing matters of housing policy, the members of Congress pressed Thompson on the issue of Fannie Mae and Freddie Mac’s conservatorship.
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Posted Date: Thursday, June 1, 2023
During the 19th annual National Settlement Services Summit (NS3) in St. Louis, June 6-8, Ruth Dillingham, owner, Dillingham Consulting LLC, and a representative of the MISMO Title and Closing Community of Practice, will share about new initiatives MISMO is engaged in that will make a difference in the working relationship between and among mortgage and title professionals.
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Posted Date: Thursday, June 1, 2023
The Federal Housing Finance Agency House Price Index quarterly report for the first quarter of 2023 showed the price of houses in the U.S. has continued to rise, marking the 45th quarter of year-over-year increases.
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Posted Date: Tuesday, May 23, 2023
Data privacy is an ever-evolving area of concern for any industry that handles personal data, and this is especially important for those industries that handle individual’s financial data. Data privacy experts Ryan Cabrita of The Gulotta Grabiner Law Group and Greg Szewczyk of national law firm Ballard Spahr will discuss some of the big up-and-coming topics.
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Posted Date: Tuesday, May 23, 2023
The Mortgage Bankers Association’s Builder Application Survey data for April showed mortgage applications for new home purchases increased 4.1 percent compared with one year prior.
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Posted Date: Tuesday, May 23, 2023
Rocket Mortgage introduced its new ONE+ program – which will allow homebuyers to pay only 1 percent as a down payment – in an effort to increase access to homeownership for millions of low- to moderate-income earning Americans.
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Posted Date: Monday, May 22, 2023
At CBA Live, hosted by the Consumer Bankers Association, Dodd Frank Update sat in on a discussion with experts about the next frontier in fair lending: artificial intelligence (AI). The panel of experts discussed the ways AI is being used in fair lending and what regulators are doing in response to this new tool.
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Posted Date: Monday, May 22, 2023
The Mortgage Bankers Association, National Association of Realtors, and the National Association of Home Builders filed an amici brief with the U.S. Supreme Court in Consumer Financial Protection Bureau v. Community Financial Services Association of America which will determine the constitutionality of the Consumer Financial Protection Bureau’s funding structure.
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Posted Date: Monday, May 22, 2023
Even though the Consumer Financial Protection Bureau has not issued a RESPA-related enforcement action recently, that does not mean it is not on the bureau’s radar. With its advisory opinion on digital comparison shopping platforms in February, servicers may be left with questions about how to comply with RESPA’s requirements while also maximizing consumer reach and drive production.
Franzén & Salzano President Loretta Salzano and Firstline Compliance, LLC Vice President Jerra Ryan are experts who can clarify some uncertainties.
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Posted Date: Monday, May 22, 2023
The Mortgage Bankers Association reported mortgage applications declined for the week ending May 12, compared with one week prior.
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