Tag Archives: regulations

Court denies CFPB’s request to vacate fair lending settlement

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Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request “a Pandora’s box the court refuses to open.” Continue reading →

CFPB enforcement chief resigns, saying mission ‘under attack’

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The Trump administration is seeking to cut 90 percent of the CFPB’s workforce, and has dismissesd about 20 active enforcement cases and moved to vacate or weaken several finalized settlements. Continue reading →

Senate Dems ask Pulte to put Fannie, Freddie revamp on hold

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Lawmakers want assurances that privatizing the mortgage giants or taking them public won’t drive mortgage rates up, and put investor profits “over the homes of millions of Americans.” Continue reading →

Wells Fargo free to grow again after Fed lifts $1.95T asset cap

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Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets. Continue reading →

Fannie and Freddie may stay in conservatorship: Regulator

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Shares in mortgage giants tumble as investors weigh whether the Trump administration is more interested in mining Fannie and Freddie’s profits than privatizing them. Continue reading →

Trump, Pulte shed more light on plans for Fannie and Freddie

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Promise that the government will maintain “implicit guarantees” of the companies’ obligations suggests that what Trump has in mind is monetization, not privatization. Continue reading →

Fannie Mae taps Palantir to detect ‘rampant’ mortgage fraud

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Head of mortgage giants’ federal regulator, Bill Pulte, has made fraud an issue after leveling accusations against Trump opponent Letitia James. Continue reading →

Trump’s interest sends shares in Fannie Mae, Freddie Mac soaring

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President says he’s giving “very serious consideration” to bringing companies public, and investors are hoping that whatever plan emerges will generate a windfall for them. Continue reading →

RentSpree, TransUnion partner in tenant screening

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RentSpree is working with TransUnion to improve how leasing agents and property managers determine a lease applicant’s background. Continue reading →

Appraisal Institute rocked by NYT exposé, lawsuits by former execs

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Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive’s alleged sexual harassment of multiple employees. Continue reading →