Government

Several trade groups and organizations focused on the banking and mortgage industries recently wrote a letter to FHFA Director Mel Watt, concerning a potential last-minute addition to the new Uniform Residential Loan Application.

Although the Federal Open Market Committee (FOMC) did not raise the federal funds rate at the April meeting, even with further improvement observed in the housing sector, there has been ongoing speculation about if the Fed would make a move this month.

Today’s lenders are learning how to navigate the rules’ changes, as cost and compliance issues arise. Editor's note: This select print feature appears in the June 2016 edition of MReport magazine.

With Hillary Clinton having wrapped up the Democratic presidential nomination earlier this week, Sen. Elizabeth Warren (D-Massachusetts), who has long been silent on whether she will endorse Clinton or Bernie Sanders, is expected to announce her endorsement of Clinton.

Cristy Ward, Chief Strategy Office at Mortgage Connect sat down with MReport to explain how title and escrow companies are dealing with regulatory requirements, where this industry is headed, and how they can ensure their business is successful.

The Subcommittee on Economic Growth, Tax, and Capital Access of the Committee on Small Business met Thursday morning to address concerns surrounding the regulatory effect on small banks.

A couple of major proposals have emerged in the last month to reform the Consumer Financial Protection Bureau, and some recent incidents indicate that the industry may be ready for a change.

HUD announced an agreement Wednesday with South Carolina-based First-Citizens Bank & Trust Company, resolving racial discriminatory lending allegations. See what the bank told MReport regarding the agreement.

Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, on Tuesday morning announced the GOP’s much-anticipated and much-talked about proposed alternative to Dodd-Frank, entitled the Financial CHOICE Act.

With Donald Trump having all but sewn up the Republican party nomination for the November presidential election, the attention has been focused on the two Democratic candidates, Hillary Clinton and Bernie Sanders, leading up to Tuesday’s primaries in California and five other states.