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OCC moves to rescind 2020 version of CRA rule

Housing Wire

The Office of the Comptroller of Currency announced today that it is moving to gut the controversial Community Reinvestment Act (CRA) rule issued in 2020. The issuance of the OCC’s NPR today is an important step toward strengthening and modernizing the CRA,” said Acting Comptroller Michael J.

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2020 HW Tech Trendsetter: Samir Agarwal

Housing Wire

At Wolters Kluwer, Agarwal has tapped his extensive banking product development experience to create a group of offerings that assist local and regional banks to more effectively scale their operations and processes in support of their consumer-facing offerings.

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2020 HW Tech Trendsetter: Jeff Allen

Housing Wire

Now leading Clear Capital’s mortgage collateral modernization programs, Allen is reimagining and re-engineering how home valuations are manufactured and partnering with major lenders and GSEs to bring greater efficiency and speed to the consumer. The post 2020 HW Tech Trendsetter: Jeff Allen appeared first on HousingWire.

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Introducing the HousingWire 2020 Tech Trendsetters

Housing Wire

This year’s 2020 list of Housingwire Tech Trendsetters certainly earned their status as the housing industry was met with incredible challenges and new opportunities. This diverse group of tech professionals helped to bring about the long-awaited modernization of the housing industry. The rest of this content is for HW+ members.

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Ready or not, CRA modernization is at the door

Housing Wire

Banks also would be able to get credit for community development activities, even if that work occurs outside of their branch footprint. The Office of the Comptroller of the Currency , or OCC, which supervises the largest banks, issued its own proposed update to the CRA in June 2020, but rescinded that rule in December 2021.

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Robert Howerton joins Dovenmuehle as chief information officer

Housing Wire

There, he modernized the company’s technology infrastructure and optimized business processes, resulting in a 30% increase in operational efficiency. Dovenmuehle was 2020 HW Tech100 Mortgage winner Prior to joining Dovenmuehle Mortgage, Howerton was the leader platform security engineer at IBM.

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FHFA approves Classic FICO for Fannie Mae, Freddie Mac

Housing Wire

The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.