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Regulatory Compliance

Mayors back Realtor.com’s campaign to address the housing crisis

Affordability, Homebuilders, Housing Inventory, National Association of Realtors, Politics, Real Estate, Realtor.com, Regulatory Compliance /

The U.S. Conference of Mayors formally endorsed a bipartisan statement to support the Let America Build campaign — a housing policy initiative backed by Realtor.com — during the organization’s annual meeting in Tampa on Sunday. The resolution — introduced by Austin Mayor Kirk Watson — acknowledges the mounting housing affordability crisis, and it calls for […]

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NAMB issues support for CHLA white paper on LO compensation

CFPB, Community Home Lenders of America, HWmember, Loan Officer, Mortgage, NAMB, Regulatory, Regulatory Compliance /

The National Association of Mortgage Brokers (NAMB) on Monday issued a letter of support for the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform. CHLA‘s white paper, released last week, urged Congress to roll back the loan originator compensation rule to focus on its original purpose — a ban on yield

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FHA rescinds 12 policies as Trump pushes to cut red tape

Appraisals, FHA, FHA loan, Flood, Government Lending, HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Scott Turner, Underwriting /

As part of the Trump administration’s broader effort to cut regulatory burdens, the Federal Housing Administration (FHA) on Friday announced the rescission of 12 policies related to appraisal protocols, underwriter employment, flood risk management and other areas.  Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA,

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NWMLS adds referral fee disclosures to real estate forms

Agent, Brokerage, Compliance, HWmember, MLS, northwest mls, Real Estate, Regulatory Compliance /

Northwest Multiple Listing Service (NWMLS) has introduced new disclosure requirements aimed at increasing transparency around referral fees in residential real estate transactions across Washington state. The changes include a new stand-alone Referral Disclosure form and updates to brokerage services agreements. These additions are intended to inform buyers and sellers when a broker receives or pays

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Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

basel III, Congress, Federal Reserve, HWmember, Jerome Powell, LendingLife, Mortgage, Regulatory, Regulatory Compliance /

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented. Powell’s statement comes as the Fed prepares to vote

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CFPB cuts short monitoring of BofA mortgage practices

Bank of America, CFPB, HWmember, Mortgage, Regulatory, Regulatory Compliance /

The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028. In a filing made public Monday, the CFPB said the bank “fulfilled the obligations” of the agreement signed in November 2023,

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Massachusetts set to bar home sellers from requiring inspection waivers

Affordability, Home inspections, Home Sales, Homebuyers, HWmember, Massachusetts, Real Estate, Real Estate Agents, Regulatory, Regulatory Compliance /

Massachusetts homebuyers will soon be protected from being pressured into waiving home inspections under new regulation. The policy, put forth by the state’s Executive Office of Housing and Livable Communities (EOHLC), prohibits sellers and their agents from requiring or encouraging buyers to waive a home inspection as a condition of purchasing real estate. It also

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Judge blocks CFPB bid to undo Townstone redlining settlement

CFPB, Donald Trump, HWmember, Legal, Mortgage, Redlining, Regulatory Compliance /

A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants. U.S. District Judge Franklin Valderrama ruled that allowing the CFPB to unwind the deal, finalized last year, “would erode public confidence in the

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CFPB enforcement head resigns, citing ‘no intention to enforce the law’

CFPB, Donald Trump, Housing Market, HWmember, Regulatory, Regulatory Compliance, Trump administration /

Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by

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Senators call for investigation of possible DOGE ethics violations

CFPB, DOGE, Elon Musk, Housing Market, HWmember, Politics, Regulatory, Regulatory Compliance, Trump administration /

Three senators are calling on the Department of Justice (DOJ) and federal watchdogs to investigate whether U.S. DOGE Service aides tasked with downsizing government agencies violated conflict-of-interest laws by holding stocks in companies overseen by thes, according to a recent ProPublica report. The request — sent last week by Sens. Elizabeth Warren (D-Mass.), Ron Wyden

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