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  Fannie Mae, Freddie Mac, CSS 2022 Scorecard releasedTuesday, November 23, 2021 The Federal Housing Finance Agency has released the 2022 scorecards for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The scorecards are designed to hold the Enterprises and CSS accountable for achieving their core mission requirements, promoting sustainable and equitable access to affordable housing, and operating in a safe and sound manner. Read on for more details. |
 CBA’s Hunt warns against regulation by enforcementTuesday, November 23, 2021 In an editorial building off a Consumer Bankers Association (CBA) white paper, CBA President and CEO Richard Hunt asked Consumer Financial Protection Bureau Director Rohit Chopra to establish clear and transparent “rules of the road” rather than regulating by enforcement. “In the past, the bureau has used its authority to sidestep the formal rulemaking process by announcing new regulatory standards through enforcement actions instead of issuing rules or guidance,” Hunt wrote. “But rarely, if ever, is it in the best interest of the consumers America’s leading banks are working to serve.” Read on for more details. |
 Acting Comptroller Hsu discusses financial regulatory perimeterTuesday, November 23, 2021 Acting Comptroller of the Currency Michael Hsu addressed modernizing the financial regulatory perimeter during remarks he delivered at the Federal Reserve Bank of Philadelphia’s fifth annual fintech conference. Hsu said changes to the regulatory perimeter, normally driven by crises and failures, should instead be proactive to keep up with the pace of innovation. Read on for more details. |
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ICE Mortgage welcomes new VPTuesday, November 23, 2021 ICE Mortgage Technology has welcomed an experienced leader as its vice president, head of executive accounts.
He will manage an enterprise team of account executives and relationship managers responsible for providing digital mortgage technology to lenders nationwide.
Read on for more details. |
Mid America Mortgage adds national sales managerTuesday, November 23, 2021 Mid America Mortgage has hired a national sales manager in its reverse mortgage division. The new manager will be responsible for recruiting top-tier loan officers to join Mid America. Read on for more details.
ReverseVision adds two to teamTuesday, November 23, 2021 ReverseVision, a national provider of home equity conversion mortgages, private reverse sales, and origination technology, welcomed a new vice president of finance and a new systems administrator. The two positions will play key roles in optimizing internal functions and prepping the company to scale. Read on for more details.
ICE Mortgage welcomes new VPTuesday, November 23, 2021 ICE Mortgage Technology has welcomed an experienced leader as its vice president, head of executive accounts. He will manage an enterprise team of account executives and relationship managers responsible for providing digital mortgage technology to lenders nationwide. Read on for more details.
 The role of non-QM in a QM worldFriday, November 19, 2021 Zaid Shariff, vice president and head of solution design and product implementation at SLK Global Solutions, spoke with Dodd Frank Update about non-qualified mortgage loans and the current challenges within that market. Non-QM loans had a small market share before the pandemic and was on the rise prior to March 2020. However, when COVID-19 hit, the non-QM market crashed, Shariff said. Read on for more details.
CFPB issues RFI on detecting discriminationFriday, November 19, 2021 The Consumer Financial Protection Bureau issued a request for information on detecting discrimination in mortgage lending. The bureau intends to review the 2015 changes to the rules implementing the Home Mortgage Disclosure Act and evaluate their effectiveness. The CFPB will then publish an assessment report on its findings by Jan 1, 2023. Read on for more details.
 CU governance modernization act advancesFriday, November 19, 2021 The National Association of Federally-Insured Credit Unions supports a bill that will, according to the organization, “modernize the Federal Credit Union Act’s provisions related to member expulsion in order to keep credit unions, their members, and staff safe from illicit behavior.” The bill was advanced by the House Financial Services Committee to the full House for consideration. Read on for more details.
Stavvy, Flagstar Bank partnerFriday, November 19, 2021 Stavvy and Flagstar Bank have partnered on a project where Flagstar is leveraging Stavvy’s platform to better execute digital loan servicing transactions. With this integration, Flagstar said it is well-positioned to handle the increased volume expected as COVID-19 relief programs end. Read on for more details.
Promontory MortgagePath’s ABA endorsement renewedFriday, November 19, 2021 Promontory MortgagePath LLC’s endorsement from the American Bankers Association (ABA) has been renewed. The ABA’s endorsement dates to 2018 and recognizes the financial technology company’s fulfillment solutions that assist members in reducing mortgage origination costs while allowing them to retain a full mortgage product suite. Read on for more details.
New home purchase mortgage applications increasedFriday, November 19, 2021 The Mortgage Bankers Association’s builder application survey showed mortgage applications decreased in October 2021 compared with last year. Compared with September 2021, applications increased. Read on for more details.
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