The Mortgage Bankers Association is disappointed that the Consumer Financial Protection Bureau has not provided an explicit temporary safe harbor for lenders who have made a good-faith effort to implement new disclosures. News
The Federal Housing Finance Agency is planning to issue a final rule in the next 12 months to require Fannie Mae and Freddie Mac to better serve underserved markets, including manufactured housing, the agency said Thursday. News
Federal examiners will expect institutions to show that they made a "good faith" effort in preparing for the implementation of the new integrated mortgage disclosures that go into effect on Oct. 3, regulators said in letters sent to industry groups on Thursday. News
Community bankers merit more regulatory relief, particularly those that hold mortgage originations. That was a key message from James Bullard, St. Louis Fed President, during a community banking conference in St. Louis hosted by the Federal Reserve Board and the Conference of State Bank Supervisors. News
GOP presidential contender Jeb Bush unveiled a plan to reform the regulatory process, including at agencies like the Consumer Financial Protection Bureau. News
Banks that want more explicit regulatory guidance on rules requiring managers to keep "skin in the game" with deals for collateralized loan obligations may be forced to keep waiting. News
The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time. News
The Justice Department's announcement that it would target individual executives at banks and other companies that are being investigated for wrongdoing has sparked a debate about whether the move is actually substantive or instead just designed to boost the agency's public image. News
There is great temptation in moments of crisis to do things that feel good but are contrary to constructive long-term public policy. Following Katrina, Louisiana built a solid foundation from which local community efforts succeeded. News
The Federal Housing Administration has resolved a long-standing conflict with municipalities and private companies that back "green energy" loans that is expected to benefit banks and other mortgage lenders. The next question is whether the regulator of Fannie Mae and Freddie Mac mortgages will do the same. News
