On May 10, the Federal Housing Finance Agency (FHFA) announced that it has rescinded the loan-level pricing adjustment (LLPA) fees for Fannie Mae and Freddie Mac borrowers with a debt-to-income ratio (DTI) of 40% or...
Read MoreThe Federal Depositors Insurance Corp (FDIC) has released recommendations to raise the per account deposit insurance limit above $250,000 on a targeted basis. The agency asserts that the proposal, if approved by Congress, would reduce...
Read MoreThe Securities and Exchange Commission (SEC) announced, in a press release on April 17, the appointment of Deborah Jeffrey as Inspector General, effective May 7, 2023. As the SEC’s Inspector General, she will provide oversight...
Read MoreThe Consumer Financial Protection Bureau (CFPB) recently announced an update of its “Methodology for Determining Average Prime Offer Rates,” (APOR) with respect to federal mortgage rules. APORs are annual percentage rates derived from average interest...
Read MoreOn April 12, the EPA announced its proposed emissions standards for vehicles built from 2027, with the National Highway Traffic Safety Administration (NHTSA) to also propose an update to the Corporate Average Fuel Economy (CAFE) standards soon....
Read MoreAs a part of its supervision of fair lending practices, the Federal Deposit Insurance Corporation (FDIC) will expand its examination process of property appraisals, to detect and root out racial bias in appraisals, following on...
Read MoreIn a unanimous decision the Second Circuit Court of Appeals ruled that the Consumer Financial Protection Bureau's funding structure is constitutional, upon upholding the enforcement of an investigative demand that the agency issued against a...
Read MoreOn March 24, Representatives Ann Wagner (R-MO) and Bill Huizenga (R-MI) submitted a letter to the Securities and Exchange Commission (SEC), on their recently re-proposed rule on the “Prohibition of Conflicts of Interest in Securitizations.” A similar...
Read MoreThe SEC’s re-proposed Prohibition Against Conflicts of Interests in Certain Securitizations should serve investors and the wider financial markets. WASHINGTON, March 27, 2023 – The Structured Finance Association (SFA) has sent a letter to the...
Read MoreThe Mid-Sized Bank Coalition of America (MBCA) sent a letter to the Treasury, the FDIC, the Comptroller of the Currency, and the Federal Reserve requesting for expansion of the FDIC insurance program to protect all...
Read MoreOn March 22, Federal Reserve Chairman Jerome Powell and officials at the Central Bank unanimously voted to raise interest rates by a quarter point for the ninth time in a year, effectively bringing the benchmark...
Read MoreRegulators took extraordinary steps last weekend to make additional funding available, via one-year loans, for financial institutions that hold Treasuries and mortgage-backed securities on their books that have tumbled in value as the Fed has...
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