Mortgage

HUD Seeks Industry Feedback on Regulatory Burden

Implementing the president’s executive orders on regulatory reform, the Department of Housing and Urban Development is seeking public and industry feedback on HUD regulations that may be outdated, ineffective or unnecessarily burdensome.

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Watt Testifies Before Senate Committee

At a hearing before the Senate Banking Committee today, FHFA Director Mel Watt highlighted the need for housing finance reform, noting that Congress must decide the future of Fannie Mae and Freddie Mac, including whether or not the enterprises should receive backing from the federal government.

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Fed Survey: Banks Continue to Tighten on CRE Lending

Bankers continued tightening credit for commercial real estate and certain consumer loans in the first quarter of 2017, while easing slightly on commercial and industrial lending, according to the Federal Reserve’s latest senior loan officer survey released today.

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ABA Issues Staff Analysis on HMDA Correction Proposal

ABA today issued a staff analysis on the Consumer Financial Protection Bureau’s recent proposal to make technical corrections and clarifications to the data lenders are required to collect and report under the final Home Mortgage Disclosure Act Rule (Regulation C).

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Financial Choice Act Clears House Committee

The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.

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