Category Archives: Federal Regulations

Dodd-Frank Reform Gets Messy | Senate to Debate Bill With 100 Proposed Amendments

In the ongoing policy overhaul of the Trump administration, Dodd-Frank is up for major changes. Many in the housing industry have voiced support for the bill, including the National Association of Federally Insured Credit Unions, which commented that “regulatory burden is the top challenge facing credit unions today.” The proposed bill has also received support Read More

The New Tax Bill & The Home Lending Industry | Changes to Mortgage Interest Deduction

After the Trump Administration’s passage of what has been called a ‘sweeping’ new tax bill on December 22, the mortgage industry has had time to digest changes and react to their effects. Upon release of initial drafts of the bill, several key industry advocacy groups voiced concern for the consequences of many of the bill’s Read More

Updates on CFPB Acting Director Power Struggle | Leandra English Seeks Appeal

After conflict in November regarding the successor of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB), former Chief of Staff and claimant of the director position, Leandra English, seeks an appeal in what will be the issue’s third court appearance. Although judges have thus far ruled to allow Mick Mulvaney’s appointment as Read More

Trump Moves to Stop Insuring Mortgages With PACE Loans

On December 7, the Trump administration announced the reversal of the Obama era rule allowing the Federal Housing Administration to insure mortgages with additional liens from the Property Assessed Clean Energy program (PACE). Several major housing industry groups, including the Mortgage Bankers Association and National Association of Realtors, have voiced support for the policy change. Read More

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