The Federal Housing Finance Agency announced the process by which Fannie Mae and Freddie Mac plan to transition from the use of LIBOR to SOFR as the standard index rate for adjustable rate mortgage (ARM) loan products.

Institutions reporting 60,000 covered loans in the preceding calendar year were originally required to submit their first quarterly HMDA submissions in 2020 by May 30.

On January 7th, the FTC alleged that a California mortgage broker violated federal law by posting its borrowers’ personal financial information on Yelp.

HousingWire’s annual Tech100 Award, celebrating the 100 most innovative technology companies serving the mortgage and real estate industries, once again recognized Asurity for its market leading mortgage-tech solutions.

Lenders should make sure all their fair-lending policies, procedures, and documentation remain fresh, are actively used, and are effective.

On November 22, the CFPB released its list of regulatory matters that it “reasonably anticipates having under consideration during the period from October 1, 2019 to September 30, 2020.”

The CFPB announced its intent to publish an assessment report on the effectiveness of the TRID Rule.

On October 11, the CFPB announced a new task force to harmonize and modernize federal consumer financial laws.

The U.S. Congress previously enacted the Economic Growth, Regulatory Relief and Consumer Protection Act which amended the SAFE Act to provide a temporary authority for registered mortgage loan originators to originate mortgage loans at a state licensed mortgage company. The Consumer Financial Protection Bureau (“CFPB”) recently issued an interpretive rule 

On September 18th, the CFPB announced changes to its public consumer complaint database.