Federal judge orders CFPB to reinstate terminated employees
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia issued her ruling in conjunction with a lawsuit brought by the National Treasury Employees Union.
Regulatory
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Federal banking agencies seek to rescind 2023 CRA rule
The Federal Reserve, OCC and FDIC say they intend to restore the framework of the Community Reinvestment Act to its prior state.
CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
Pulte terminates SPCPs, issues recision of UDAP bulletin in slew of orders
Bill Pulte posted several FHFA policy changes to his X account early this week, including a recission of UDAP enforcement.
HUD, DHS seek to stop undocumented immigrants from using federal housing programs
HUD and DHS will seek to end what they call “wasteful misappropriation” of taxpayer funds to housing programs that “benefit illegal aliens.”
Fannie Mae’s title waiver pilot program, one year later
The future of Fannie Mae’s title insurance waiver pilot remains uncertain under new federal leadership, despite cost savings for borrowers.
Top execs at Freddie Mac, FHFA fired: report
The top executives at Freddie Mac, along with a top HR official at the FHFA, were fired today, according to a report on SEMAFOR.
HUD rescinds appraisal review policies
Policies related to real estate appraisal appeals, or reconsiderations of value, have been rescinded by the Federal Housing Administration.
Pulte makes sweeping changes to boards of GSEs
Bill Pulte made sweeping changes to the boards of both GSEs, and will serve as chair of both of them according to new SEC filings.