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Home >> News >> Government

The FHA Can Increase Credit Access

The FHA Can Increase Credit Access

According to Urban Institute, the FHA has more power to increase credit access. The GSEs do risk-based pricing through their loan-level pricing adjustments. However, the FHA does not do risk-based pricing, and so it has insured borrowers and so it has insured borrowers with less-than-pristine credit. Charging the same fee for those with good credit as those with bad credit has limited credit availability.

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CFPB Proposes Regulation Changes

CFPB Proposes Regulation Changes

The intent of a proposal from the CFPB is to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The proposed amendments should provide greater clarity to lenders regarding their obligations under the law, and according to the CFPB will promote compliance with rules intended to ensure customers are treated fairly.

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FHFA’s Plans for Fannie and Freddie Delayed Until 2019

FHFA’s Plans for Fannie and Freddie Delayed Until 2019

The plans are ambitious. According to FHFA’s update report on Release 2, the agency has two main objectives in undertaking the UMBS initiative. The first is to establish a single, liquid market for the mortgage-backed securities issued by both GSEs that are backed by fixed-rate loans. The second is to maintain the liquidity of the that market over time.

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Boom in New Home Sales

Boom in New Home Sales

The increase in new home sales could be due to the warm winter which allowed construction to stay on schedule, last year’s strong home construction starts, and a gradual shift from building apartments to individual homes. However, Kirchner says that while construction is up overall, existing home sales are falling.

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Questioning the Constitutionality of the CFPB

Questioning the Constitutionality of the CFPB

The goal of a recent Committee on Financial Regulations hearing was “examine the unconstitutional structure of the CFPB and how it has yielded unaccountability to Congress and the executive branch.” Additionally, the committee looked at ways in which the bureau may be restructured in order to make the Bureau more Constitutional and more accountable.

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Financial Choice and the Year to Come

Financial Choice and the Year to Come

The Financial Choice Act would give regional and community banks a way to avoid most aspects of Dodd-Frank regulations, and a policy which would force big bank’s parent companies to file bankruptcy and restructure, instead of the current Dodd-Frank policy.

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