CFPB Chief: New Law to Improve Credit Access
The acting director of the Consumer Financial Protection Bureau says that the new financial regulatory overhaul law will improve consumers' access to credit.
Opinion: QM Serves No Useful Purpose
Among several flawed concepts in the Dodd-Frank Wall Street Reform and Consumer Protection Act are the Qualified Mortgage - Ability-to-Repay rules.
Dodd-Frank Rollback Legislation Now Law
With the public and the media focused on the cancellation of North Korea summit, President Donald Trump sign into law legislation that will roll back burdensome Obama-era financial regulations.
Dodd-Frank Rollback Passes House, On to President
Two months after making it through the Senate, legislation to roll back or reduce some of the requirements of thecDodd-Frank Wall Street Reform and Consumer Protection Act has passed the House.
Severity of Impact from ATR-QM Rules Eases
An overwhelming majority of bankers say the Ability-to-Repay and Qualified Mortgage rules have reduced available real estate credit. But the level of severity is diminishing.
Nationstar Faces Possible RESPA Enforcement Action
Nationstar Mortgage Holdings Inc. has been warned by a federal regulator that regulatory actions could be taken against it over possible violations of the Real Estate Settlement Procedures Act.
HUD Wants Feedback on Disparate Impact
A controversial rule finalized five years ago implementing a Disparate Impact regulation for mortgage lenders is up for comment.
Mortgage Demand Down at Big Banks, Up at Small
Although demand for several single-family products has softened at larger financial institutions, smaller ones are seeing growing demand -- especially on non-agency loans. It was similar for commercial real estate.
Black, Low-Income & Nonbank Mortgage Shares Rise
A summary of data for last year collected as required by the Home Mortgage Disclosure Act shows that a bigger share of loans went to black and low-income borrowers as non-banks did more of the lending.
Groups Line Up to Oppose Regulatory Relief Bill
Dozens of consumer and other advocacy groups are warning members of Congress about the elimination of consumer safeguards in legislation to provide regulatory relief.