Underwriting

Tearing up CFPB’s mortgage underwriting rule is the easy part

02/02/20

Now that the Consumer Financial Protection Bureau says it will scrap an unpopular standard for so-called qualified mortgages, the big question is what will take its place.

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CFPB to extend 'qualified mortgage' exemption for GSEs, report says

01/21/20

Director Kathy Kraninger has told lawmakers that the agency will delay the expiration of the so-called QM patch, now set for January 2021.

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As CFPB prepares to end QM patch, Congress tries to soften the blow

11/12/19

Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income.

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CRA reforms must go beyond branch banking

10/07/19

Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law.

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Freddie Mac launches mortgage data app for lenders

09/18/19

The mortgage industry has put more emphasis on organizing data in a digital manner and presenting it in an easily digestible format.

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Has removing tax lien data from credit records led to more bad loans?

09/03/19

A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

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FinCEN unit targets money laundering; OCC warns on asset-depletion mortgages

08/29/19

New unit will work with foreign governments; standards too soft on those without conventional paychecks.

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FHA revises proposed mortgage lender certification

08/15/19

The Federal Housing Administration updated its lender certification proposal originally issued this past May, as it looks to ease industry concerns on False Claims Act enforcement.

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HUD to loosen restrictions on FHA insurance for condo loans

08/14/19

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry groups have long pressed for a change to.

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Before they regulate AI, Congress needs to define it

06/25/19

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

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