DOGE's moves could destabilize mortgage finance system
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
by Matt Carter Feb 24
CFPB is latest target of Trump's downsizing government campaign
Congressional Democrats vow to fight moves to 'unlawfully delete this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans'
by Matt Carter Feb 10
Democrats reintroduce bill to expose rental algorithms
Minnesota Senator Amy Klobuchar has reintroduced the Preventing Algorithmic Collusion Act, inspired by the Department of Justice’s RealPage investigation
by Marian McPherson Feb 6
Will HUD Secretary Scott Turner be good for housing?
Opinion
Broker and former US Senate legislative correspondent Cara Ameer offers issue-by-issue analysis of the confirmation hearing for Scott Turner, newly confirmed as HUD Secretary
by Cara Ameer Feb 5
Wells Fargo closes 2 more consent orders in quest to shed asset cap
Getting out from under $1.95T cap would allow bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie
by Matt Carter Feb 4
Homebuilders warn they're facing a 40% tariff on Canadian lumber
In renewing a call that building materials be exempt from tariffs, trade group notes that more than 70% of imported softwood lumber and gypsum used for drywall comes from Canada and Mexico
by Matt Carter Feb 3
Wells Fargo is about to emerge from the regulatory woods
Once the nation's largest home lender, Wells Fargo could be poised for a comeback in mortgage this year as it continues to make progress addressing regulators' concerns about past practices
by Matt Carter Jan 28
Trump's executive order to address housing costs is short on specifics
Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates
by Matt Carter Jan 21
Rollout of new mortgage credit scoring models pushed back
Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date 'TBD'
by Matt Carter Jan 17
Trump nominates homebuilder scion to oversee Fannie, Freddie
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3M followers on X
by Matt Carter Jan 16
FCC warns of massive spoofing op impersonating mortgage lenders
'Green Mirage' phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to US 'mules'
by Matt Carter Jan 16
Loan servicer agrees to $20M fine over 2021 cybersecurity breach
Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8M customers
by Matt Carter Jan 8
Manufactured homebuilder's lender draws regulatory scrutiny
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it knew, or should have known, borrowers couldn't repay
by Matt Carter Jan 6
CFPB tightening underwriting for PACE energy improvement loans
PACE lenders object to rule requiring them to evaluate borrowers' ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other financing
by Matt Carter Dec 17
Nation's biggest lender, UWM, is piloting Fannie Mae title waivers
Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing the program to move forward on the eve of a 2nd Trump administration
by Matt Carter Dec 12
Rocket Mortgage sues HUD over alleged appraisal bias 'tightrope'
Responding to appraisal bias lawsuit, Rocket claims the government requires lenders to grant appraisers independence, then holds them liable if those appraisers engage in discrimination
by Matt Carter Dec 5