Awaiting the CFPB’s next act ahead of Vought’s departure
With Vought authority ending Aug. 1, the CFPB awaits Brian Johnson’s nomination as states expand enforcement and lenders seek clarity.
Regulatory
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FHFA pushes GSEs to embrace chattel loans in Duty to Serve proposal
The FHFA has proposed replacing its existing Duty to Serve regulation with an outcome-based framework that would change how Fannie Mae and Freddie Mac support manufactured housing, affordable housing preservation and rural housing.
FHFA pushes for direct power to sue for mortgage fraud
The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of mortgage fraud.
White House taps Brian Johnson to lead CFPB
The White House has sent the nomination of Brian Johnson to serve as director of the Consumer Financial Protection Bureau (CFPB) to the Senate, according to a notice filed on Wednesday.
NALHFA: HUD cuts would worsen housing affordability challenges
Jonathan Paine, executive director of NALHFA, says proposed cuts will only exacerbate existing hurdles for many Americans.
Trump’s executive order unlikely to slow adoption of AI in real estate
eXp CTO Carrie Lysenko warned of three risks that matter most for real estate operators right now. The first is data exposure.
New York AG probes Compass-Anywhere acquisition
New York AG Letitia James is seeking information on Compass’s $1.6 billion Anywhere deal amid antitrust and market share concerns.
CMLS urges antitrust regulators to back MLS collaboration
CMLS asked DOJ and FTC to recognize MLSs as pro-competitive, citing 230 MLSs, 1.7 million subscribers and data access benefits.
As HEI regulations expand, states debate loan classification
State HEI legislation is expanding as Maine sets standards, Illinois updates licensing and other states debate whether HEIs are loans.
HUD says Realtors can discuss crime and school data, reversing Biden-era stance
HUD has also accused the National Association of Realtors of imposing a “professional gag order” on its members.