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Opinion: Two legal issues relevant to FHFA’s review of FHLB system

Housing Wire

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process.

Legal 296
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HUD takes first step to restore fair housing rule

Housing Wire

The Department of Housing and Urban Development (HUD) has restored its 2015 definition of affirmatively further fair housing with an interim final rule, but it falls short of fully restoring the Obama-era policy. The rule will go into effect at the end of July, after a 30-day public comment period. It’s a pickle.”.

Legal 464
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CFPB bans RMK Financial Corporation from mortgage lending industry

Housing Wire

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 362
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ALTA: Protecting property rights with title insurance

Housing Wire

ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015. Much of the expense is invested in the efforts of land title professionals to review the title and purchase title data from local governments.

Insurance 464
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Treasury cracks the whip on money laundering

Housing Wire

government is laser-focused on uncloaking bad actors hiding behind shell companies to engage in money laundering and other illicit activities and is seeking to adopt new regulations to accomplish that goal — rules that will impact the housing industry. real estate between 2015 and 2020.”. That makes moving illicit funds into the U.S.

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HUD declares FHA once again backing DACA mortgages

Housing Wire

HUD said DACA recipients who are legally permitted to work in the U.S. This language was incorporated into the FHA Handbook by the Obama Administration in September 2015 although it was first incorporated into FHA guidelines in 2003. are eligible to apply for mortgages backed by the FHA. Earlier today and prior to 12:00 p.m.,

Mortgage 546
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Meet Kevin Sears, NAR’s latest president

Housing Wire

I think you will agree that our primary focus must be on furthering the business of the association which means we are fully engages on the legal, business and advocacy challenges that are top priority to you and the clients that you serve.”

Realtors 364