Federal regulator calls for turning GSEs into utilities – Scotsman Guide 1/18/18

January 18, 2018 As reported in Scotsman Guide, FHFA Director Mel Watt has outlined the agency’s recommended approach to reform the GSEs. Declaring that the conservatorship of Fannie Mae and Freddie Mac is unsustainable, he has proposed that they be turned into shareholder-owned utilities. Click Here for full article.  

Lender group asks CFPB to delay new HMDA requirements – Mortgage Professional America 12/15/17

December 15, 2017 As reported by Francis Monfort in Mortgage Professional America, the Community Home Lenders Association has written to Mick Mulvaney, acting director of the CFPB, to request a delay in implementing new data requirements under the Home Mortgage Disclosure Act (HMDA) scheduled for January 1, 2018. Click here … Continue reading

Mortgage lenders ask CFPB’s Mulvaney to delay HMDA rule – National Mortgage News 12/13/17

December 13, 2017 As reported by Kate Berry in National Mortgage News, in a letter to CFPB’s acting director, Mick Mulvaney, the Community Home Lenders Association have requested a delay in implementing the expanded requirements of the HMDA and a safe harbor for lenders showing good-faith compliance. Click Here for full … Continue reading

CHLA letter to CFPB Acting Director, Mick Mulvaney re: HMDA requirements

December 13, 2017   The Honorable Mick Mulvaney Acting Director Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Dear Acting Director Mulvaney: The Community Home Lenders Association (CHLA) is writing to urge the CFPB to delay the implementation of new data point requirements under the Home Mortgage … Continue reading

Senators ready mortgage servicing fix as tax reform nears finish line – National Mortgage News 12/01/17

December 01 2017 As reported by Brian Collins in National Mortgage News, with the passage of the tax reform bill by the Senate appearing to be a certainty, Sen. Mike Rounds, R-S.D., has sponsored an amendment to exempt mortgage servicers from a provision which requires them to pay taxes upfront … Continue reading