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Regulatory Compliance

Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash

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President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates. Friday’s order on “promoting access to mortgage credit” aims to boost lending by community banks (with less than $30 billion […]

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Trade groups push for lower MSR capital charges, tailored mortgage risk weights

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Eight trade groups representing lenders are urging federal regulators to revise bank capital rules by adopting a more tailored risk weight for mortgages held on balance sheets and by significantly cutting the capital charge applied to mortgage servicing rights (MSRs). In a letter sent Friday to the Federal Reserve, the Federal Deposit Insurance Corp. and the

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New Fed proposals could reshape mortgage capital requirements

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Regulatory changes to how banks treat mortgage assets — anticipated this week by Federal Reserve Vice Chair Michelle Bowman — may have an impact on the mortgage market over time, analysts said. “The near-term impact on the mortgage market is likely to be somewhat limited,” Keefe, Bruyette & Woods (KBW) analysts wrote in a report

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CEA analysis weighs CFPB’s economic impact

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A new report from the Council of Economic Advisers (CEA) estimates that the Consumer Financial Protection Bureau (CFPB) has imposed $237 billion to $369 billion in cumulative costs on U.S. consumers since its creation in 2011, largely through higher borrowing costs. For 2024 alone, the report estimates $24 billion to $38 billion in costs. The

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PropLogix launches FinCEN reporting service for title agents

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PropLogix has launched a reporting service through the Financial Crimes Enforcement Network (FinCEN), offering help for title agents to comply with new federal rules. The Department of the Treasury’s Residential Real Estate Reporting Rule mandates reporting on certain residential property purchases made on or after March 1, 2026, when entities or trusts buy them without

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Mortgage originators brace for rising costs as ban on abusive trigger leads nears

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A ban on abusive trigger leads that’s set to take effect in early March is already driving up overall costs to acquire leads and putting pressure on mortgage originators’ business models, industry experts told HousingWire. Sources say this short-term shift is part of a broader set of trends — including heightened competition for first-party data

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What the Housing for the 21st Century Act means for real estate agents, lenders

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The Housing for the 21st Century Act — a sweeping housing reform package moving through Congress — is the boldest step yet in a broad federal push to increase housing supply and improve affordability. The legislation directs the U.S. Department of Housing and Urban Development (HUD) to publish “best practices” for states and local governments

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WFG National Title launches FinCEN reporting solution

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Title agents nationwide are preparing for a sweeping new federal reporting mandate to take effect — and WFG National Title Insurance is rolling out tools to ease the transition. The Financial Crimes Enforcement Network’s (FinCEN) Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule will require reporting on certain non-financed, all-cash transfers of residential real

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Restitution checks possible for some reverse mortgage borrowers after CFPB action

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Reverse mortgage borrowers whose loans were previously serviced by U.S. Department of Housing and Urban Development (HUD) subcontractor NOVAD Management Consulting LLC may receive reimbursement checks in the mail following a 2024 enforcement action brought by the Consumer Financial Protection Bureau (CFPB). The National Reverse Mortgage Lenders Association (NRMLA) notified its members on Friday morning in

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OCC escrow plan opposed by regulators, consumer advocates

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State regulators and consumer advocates are pushing back against two proposals from the Office of the Comptroller of the Currency (OCC) that would expand banks’ authority over escrow accounts and assert that federal law preempts state rules that govern these accounts.  In a joint letter, the Conference of State Bank Supervisors (CSBS) and the American

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