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NRMLA speaks out on the future of federal reverse mortgage programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, NRMLA, Regulatory, Reverse, Reverse Mortgage Daily /

After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and […]

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MBA supports proposed cut to Community Bank Leverage Ratio

Community Bank, Federal Deposit Insurance Corporation, Federal Reserve, HWmember, Mortgage, Mortgage Bankers Association, Office of the Comptroller of the Currency, Regulatory, Regulatory Compliance /

Late last month, federal banking regulators proposed lowering the Community Bank Leverage Ratio (CBLR) for qualifying community banks and bank holding companies from 9% to 8% while extending the timeframe for certain banks to remain in the program. The Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Federal Deposit Insurance

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A slowdown in compliance? Don’t believe it!

Artificial Intelligence, Compliance, Contributors, HWmember, Opinion, Regulatory, Regulatory Compliance, Technology /

There’s a narrative making the rounds in certain mortgage lending circles. Some are suggesting that with the Consumer Financial Protection Bureau seemingly scaling back certain activities, compliance pressures may soon be easing. The current federal government shutdown seems to add credence to this story. Is it possible that after years of struggling through the downturn

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Kevin Hassett is the rumored lead for Fed chair position

Donald Trump, Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, Monetary policy, Mortgage, Politics, Regulatory, Trump administration /

Kevin Hassett, director of the White House National Economic Council, is the leading candidate to be the next Federal Reserve chair, advisers and allies of President Donald Trump told Bloomberg, as the deadline for a new Fed governor approaches. Trump has voiced his opposition to the current Fed leader, Jerome Powell. Trump has threatened to

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With Powell set to move on, who are the candidates for the next Fed chair?

Federal Reserve, HWmember, Jerome Powell, Monetary policy, Mortgage, Regulatory, Trump administration /

Several candidates have been publicly identified to serve as the next chair of the Federal Reserve, with current Chair Jerome Powell‘s term coming to an end in May. Treasury Secretary Scott Bessent told CNBC’s Sara Eisen in October that he would give President Donald Trump “three or four candidates for him to interview” shortly after Thanksgiving. Trump, however, told reporters

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Senate Democrats demand GAO investigation into Pulte

Bill Pulte, Democratic Party, FHFA, HWmember, Mortgage, Mortgage Fraud, Politics, Regulatory, Senate, U.S. Senate /

A group of Senate Democrats has asked the Government Accountability Office (GAO) to investigate Federal Housing Finance Agency (FHFA) Director Bill Pulte and other employees over criminal referrals against several public figures as they seek to determine whether federal authority and resources were misused. In a letter sent Monday to Gene Dodaro, the Comptroller General

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Ackman proposes three-step plan for Fannie Mae and Freddie Mac

Conservatorship, Fannie Mae, FHFA, Freddie Mac, GSE Reform, HWmember, IPO, LendingLife, Mortgage, Regulatory /

Bill Ackman, the billionaire founder of Pershing Square Capital Management, proposed on Tuesday a three-step plan for Fannie Mae and Freddie Mac that could still be completed this year, while labeling a stock offering as “not feasible.” Ackman’s plan begins with an agreement letter between the U.S. Department of the Treasury and the Federal Housing

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Mortgage industry backs LLPA changes but is divided over priorities

Fannie Mae, FHFA, Freddie Mac, GSEs, HWmember, LendingLife, Mortgage, Origination, Regulatory, Regulatory Compliance /

The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac.  Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte said he had tasked Barry Habib — the MBS Highway

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Another Fed rate cut to finish 2025? Not so fast

Federal Reserve, HWmember, Inflation, Jerome Powell, Monetary policy, Mortgage Rates, Regulatory /

The odds that the Federal Reserve will cut benchmark interest rates again in December are still high — but not as high as they were before last week’s cut. As of Monday, according to the CME Group’s FedWatch tool, 70% of interest rate traders are anticipating another 25-basis-point pullback after the Fed’s final meeting of

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Fed rate cut could lower mortgage rates further

Federal Open Market Committee, Federal Reserve, HWmember, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Origination, Regulatory /

The Federal Reserve delivered a 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.75% to 4%. The move, which brings the federal funds rate to its lowest level in three years, comes amid a softening labor market and inflation pressures. Monetary policy watchers expect another cut in December, which

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