Mortgage trade groups urge VA to revise elements of proposed partial claim rules
MBA and CHLA asked VA to revise its partial claim and loss-mitigation proposal, pushing for a simpler waterfall and a 180-day lead time.
Regulatory
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Trade groups push for lower MSR capital charges, tailored mortgage risk weights
Eight trade groups representing lenders are urging federal regulators to revise bank capital rules by adopting a more tailored risk weight for mortgages held on balance sheets and by significantly cutting the capital charge applied to mortgage servicing rights.
Bank capital relief may not quickly shift mortgage market dynamics
Regulatory changes to how banks treat mortgage assets — anticipated this week by Federal Reserve Vice Chair Michelle Bowman — may have an impact on the mortgage market over time, analysts said.
Analysis questions CFPB’s economic impact, sparks debate over true costs
The report assesses the CFPB’s economic impact, highlighting potential costs to borrowers, but the findings remain a subject of debate.
Fed vice chair pushes Basel regulatory shift to spur bank mortgage lending
Michelle Bowman used a major industry forum to argue that Basel capital rules have helped to drive mortgage lending and servicing away from banks — and that it’s time to reconsider that approach.
TikTok forms US entity, easing social media marketing concerns for mortgage pros
TikTok’s U.S. joint venture averts a ban, adds data safeguards and brings clarity for mortgage lenders using the app.
Trump heads to Davos with housing ideas as industry looks for concrete fixes
Trade groups broadly welcome the administration’s focus on affordability at a time when mortgage rates remain above 6%, while stressing the need for additional detail and complementary policies.
NAMB urges FHA to end lifetime mortgage insurance rule
NAMB urges FHA to end its lifetime mortgage insurance rule, citing outdated policies and improved financial conditions for the MMI Fund.
WSJ: DOJ leadership halted antitrust review of Compass–Anywhere deal
Compass closed its acquisition of Anywhere Friday, with the Wall Street Journal and Bloomberg reporting that DOJ leaders blocked a deeper antitrust review.
Trump directs GSEs to buy $200B in MBS to push mortgage rates lower
President Donald Trump said Thursday that he is directing representatives at the government-sponsored enterprises (GSEs) to purchase $200 billion in mortgage-backed securities (MBS), a move he said is intended to bring mortgage rates down.