In his keynote address at this week’s Eastern Regional Meeting in New York, Deputy HUD Secretary/Federal Housing Administration Commissioner Brian Montgomery reaffirmed his commitment to making the Home … more Health of the HECM Program Improving
Regulations
Senior Leadership Changes at CFPB and Ginnie Mae
Brian Johnson, acting deputy director of the Consumer Financial Protection Bureau since July 2018, was officially named to the position this week. Johnson joined the Bureau in December … more Senior Leadership Changes at CFPB and Ginnie Mae
CFPB to Review Impact of Its Regulations on Small Businesses
The Consumer Financial Protection Bureau published a notice this week of its intentions to periodically review regulations that it enforces and request public feedback on the impact they … more CFPB to Review Impact of Its Regulations on Small Businesses
FHA Proposes New Lender Certification Requirements
Senior officials at the Federal Housing Administration today discussed a proposal to significantly change the agency’s loan-level and annual lender-level certifications to provide more precision and needed clarity … more FHA Proposes New Lender Certification Requirements
CFPB Proposes Changes to HMDA Rules
The Consumer Financial Protection Bureau today issued a Notice of Proposed Rulemaking that would raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and … more CFPB Proposes Changes to HMDA Rules
CFPB Improves Civil Investigative Demand Policies
This week, the Consumer Financial Protection Bureau (Bureau) updated its policies regarding Civil Investigative Demands (CIDs) by ensuring they provide more detailed information about the potentially wrongful conduct … more CFPB Improves Civil Investigative Demand Policies
CFPB Director Promises Transparent Rulemaking In Speech
In one of her first public speeches since being confirmed as the new director of the Consumer Financial Protection Bureau, Kathleen Kraninger outlined a vision for the Bureau … more CFPB Director Promises Transparent Rulemaking In Speech
President Calls For Housing Reform Plan; Review of HECM
President Trump this week issued a memorandum that directs the Secretary of Housing and Urban Development to develop a housing reform plan that recommends changes to HUD, FHA … more President Calls For Housing Reform Plan; Review of HECM
Appraisal Recording Changes Made in FHA Connection
This past Monday, March 25, FHA updated the Appraisal Logging screen and Appraisal Case Transfer screen in FHA Connection. The announcement was made in FHA Info #19-03. The … more Appraisal Recording Changes Made in FHA Connection
FHA Issues Policy Guidance on Use of Third Party Verification Services
The Federal Housing Administration published Mortgagee Letter (ML) 2019-01:Third Party Verification Services, which provides guidance for the use of Third Party Verification (TPV) services as an alternative for verifying … more FHA Issues Policy Guidance on Use of Third Party Verification Services