The Mortgage Industry Standards Maintenance Organization recently published its new refence guide, which incorporates updates required for the Version 3.6 XML Reference Model.

The real estate finance industry’s standards organization, MISMO, is seeking nominations for qualified industry professionals to serve on either of the two MISMO Standards Governance Committees – the Residential Standards Governance Committee or the Commercial Standards Governance Committee.

The Consumer Financial Protection Bureau’s small-business lending rule, finalized in March, is the subject of a back-and-forth legal battle between the bureau and seven Kentucky state-chartered banks, one national bank operating in Kentucky and the Kentucky Bankers Association arguing the rule contains too many new data collection requirements and the bureau overstepped what Congress envisioned for such a rule when it approved the Dodd-Frank Act.  

The Federal Housing Finance Agency announced it will hold additional stakeholder forums and listening sessions to gather public feedback on the agency’s plan to transition to a new credit scoring model for the government-sponsored enterprises – Fannie Mae and Freddie Mac. 

Weeks after announcing its first action against a company for violating the agency’s new marketing rule, the Securities and Exchange Commission released details about nine more organizations that elicited similar charges of using hypothetical performance metrics in advertisements.

Despite three failed bank acquisitions, the Federal Deposit Insurance Corp.’s second-quarter banking profile included some high notes. There were improvements in loan balances and community bank net income compared to the previous quarter and one year prior, based on financial data collected from 4,645 federally insured commercial banks and savings institutions.

Mortgage lenders saw an increase in credit availability in August, according to the Mortgage Credit Availability Index, a report in which the Mortgage Bankers Association provides analysis of data compiled using ICE Mortgage Technology.

The District Court for the Eastern District of Texas ruled in favor of the banking industry in a lawsuit challenging the legality of the Consumer Financial Protection Bureau’s updates to its unfair, deceptive, or abusive acts or practices examination manual.

Five years after being named the defendant in a class-action discrimination lawsuit, the Consumer Financial Protection Bureau recently agreed to a proposed $6 million settlement with 85 employees who claim the bureau showed preferential treatment toward white and male employees to the detriment of their coworkers who are minorities and/or women.