Law and regulation

FHA price cut officially halted moments after Trump sworn in

01/20/17

The Department of Housing and Urban Development announced Friday that the reduction in mortgage insurance premiums “has been suspended indefinitely.”

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Regulators risk doing more harm than good with cyber rules

01/19/17

It should surprise no one that the cybersecurity rules regulators are drafting are simplistic and written in one size to fit all.

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Homeownership crucial for 'a stable democracy': departing Ginnie chief

01/18/17

In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.

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Will rising rates + looser regs = mortgage excess? Possible, but doubtful

01/18/17

Rising interest rates typically cause lenders to relax underwriting guidelines. The incoming administration promises to deregulate. Sounds like a combustible mix, but there's ample room to loosen credit without returning to the practices that caused the crisis.

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Trump team said to plan delay of FHA premium cut

01/18/17

And the next HUD chief might eventually rescind it altogether.

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JPMorgan says it has settled U.S. bias suit over mortgages

01/18/17

JPMorgan Chase & Co. agreed to pay $55 million to settle U.S. allegations of racial discrimination in home loans through mortgage brokers, leading black and Hispanic borrowers to pay higher interest rates and fees from 2006 to 2009, a person familiar with the matter said.

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White House outlines broad principles on fintech

01/17/17

Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.

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Senate banking panel finalized with subcommittee assignments

01/17/17

Leadership of the Senate Banking Committee came into fuller view on Tuesday with the announcement of subcommittee assignments.

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Does the OCC really have the power to charter fintech firms?

01/17/17

Critics say the Office of the Comptroller of the Currency is moving too far and too fast in its effort to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority.

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Harvest Community in N.J. becomes first bank failure of new year

01/13/17

The bank is first to fail in New Jersey since 2012.

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