A rule aimed at modernizing the Community Reinvestment Act received sharp criticism for weakening the act.
Read More »CFPB Structure Deemed Unconstitutional by Supreme Court
The High Court said the Bureau can continue to operate under new rules, but it’s director “must be removable by the President.”
Read More »HUD: Policy Regarding DACA Recipients ‘Has Never Changed’
Responding to claims by the House Financial Services Committee, the Department said the policy has been the same over the past three administrations.
Read More »CFPB Addresses Impending GSE Patch Expiration
The Bureau issued two Notices of Proposed Rulemaking, proposing an amendment to the General QM definition to replace the DTI limit with a price-based approach, and an extension of the Patch until the first amendment takes effect.
Read More »Federal Reserve Balance Sheet Surpasses $7T
How does the Fed’s plan of purchasing mortgage-backed securities impacted this? Click through to find out.
Read More »COVID-19 Causing Changes to Financial Requirements For GSEs
The Federal Housing Finance Agency said prior proposals will not be implemented due to the changing markets caused by the pandemic.
Read More »Financial Services Committee Looks to Reverse Ruling to CRA
The push is led by Chairwoman Maxine Waters, who said the former Comptroller of the Currency “rushed out a harmful rule.” Click through to read more.
Read More »The Employment Situation’s Long-Term Housing Impact
After unemployment claims dropped week over week, housing experts weigh in on the new data.
Read More »Homeowners in Redlined Neighborhoods Have Declining Home Equity
A new report found homes in redlined areas gained 52% less value, more than $200,000, over the past 40 years.
Read More »Assisting Cost-Burdened Households
Many households are now at risk of losing their homes to eviction or foreclosure. Click through to find out what programs are assisting these homeowners.
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