HR 3564 creates additional protections that prevent the imposition of new fee changes based on the DTI of borrowers and institutes a temporary, one-year freeze in the FHFA’s ability to enact new LLPA fee changes.
Read More »Remote Online Notarization Measure Passes the House
Passage of HR 1059 will allow for the immediate nationwide use of RON; creation of national minimum standards; and provide certainty for the interstate recognition of RON.
Read More »Senate Passes VA Appraisal Modernization Measure
Under HR 7735, servicemembers, veterans, and their families will have increased access to more affordable, sustainable homeownership opportunities through the Department of Veterans Affairs.
Read More »When Government and Industry Meet
MReport spoke with mortgage industry veteran Frank Pallotta as he approached Election Day in his run for congress in the 5th District of New Jersey.
Read More »House Passes Bill to Modernize VA Loan Appraisals
House measure seeks to level the playing field for U.S. veterans in pursuit of homeownership through adoption of a modern, digital appraisal process for VA loans.
Read More »House Passes Measure to Modernize Remote Online Notarizations
Bipartisan House legislation seeks to modernize the notarization process, and will allow individuals stationed outside of the U.S. to securely notarize documents.
Read More »House Passes Measure Removing Barriers on Small Dollar Mortgages
Congress has passed a bill that seeks to serve creditworthy borrowers in underserved communities, as well as a bill that could translate to cost-savings for FHA mortgagees.
Read More »Mortgage Industry Shows Mixed Feelings on House Vote to Cap GSEs’ CEOs Pay
Earlier this week, the U.S. House of Representatives passed S. 2036 by voice vote placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year. Many in the mortgage industry expressed both approval and disapproval of the House's decision when questioned about the vote.
Read More »House Passes Qualified Mortgage Rule; White House Threatens to Veto
The White House is threatening to veto a bill that calls for more transparency from the Fed as well as another piece of legislation that would allow loans in portfolio to qualify for an exemption under the Consumer Financial Protection Bureau's qualified mortgage rule, which passed in the House on Wednesday.
Read More »Fannie Mae & Freddie Mac CEOs Salaries Capped at $600,000
Fannie Mae and Freddie Mac CEOs will not be receiving the multi-million dollar pay raises proposed by their conservator, the Federal Housing Finance Agency, earlier this year. The U.S. House of Representatives passed S. 2036 by voice vote on Monday night, placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year.
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