Government

In April 2017, many state business regulators issued regulatory enforcement orders to subsidiaries of Ocwen, but now the company has reached with more than half and has announced the selling off of their wholesale forward lending business.

To understand the TRID Improvement Act of 2017 introduced last week by Congressman French Hill more thoroughly, The MReport reached out to Richard Horn, former CFPB attorney who led the rule integrating the mortgage disclosures under TILA/RESPA.

Data standardization has been a key area of focus for the GSEs through the Uniform Mortgage Data Program first introduced. Learn more about the key components of and recent updates to this program . . .

Despite media coverage of the possibility, Deloitte clarified Tuesday that housing giants Freddie Mac and Fannie Mae were not affected by the companies September 25 data breach.

The Treasury recently identified areas of capital market regulations that are in need of significant reform. Take a look at the Treasury’s assessment here.

Nearly a week after Tim Sloan’s hearing in front of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Wells Fargo’s Idaho Regional President of Operations is saying that though the unauthorized activity didn’t surface in Idaho, his numbers are reflecting the mishap.

The Federal Reserve purchased over $7 billion in agency mortgage-backed securities last week--see the details of the purchase as well as who might be in line to take over for Fed chair Janet Yellen here.

This week, the Department of Housing and Urban Development, Federal Reserve System, and Department of the Treasury have scheduled spots on the Senate calendar for key nominations in their departments. See who they are as well as what else is to come in The Week Ahead.

Despite Senator Warren’s calling of Wells Fargo CEO Tim Sloan to be fired, Warren Buffett said Sloan still has his faith. Take a look at Tuesday morning’s highlights from the U.S. Senate Committee on Banking, Housing, and Urban Affairs full committee hearing titled “Wells Fargo: One Year Later.”

On Wednesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs will convene in an inquiry of the Equifax Cybersecurity breach, which left millions of consumer’s information at risk.