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Regulatory

Stephen Miran may join the Fed before the next interest rate vote

Federal Reserve, HWmember, Mortgage, Mortgage Rates, Politics, Regulatory, Senate, Trump administration /

Last month, President Donald Trump nominated Stephen Miran to fill a vacant seat on the Federal Reserve’s Board of Governors. And much like other Trump administration picks that require Senate confirmation, Miran’s selection has drawn skepticism from Democratic lawmakers. Miran met last week with members of the Senate banking committee, and a full floor vote […]

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Trump signs law banning trigger leads

Donald Trump, HWmember, Lead Generation, LendingLife, Mortgage, Mortgage Bankers Association, NAMB, Origination, Regulatory, Trump administration /

President Donald Trump on Friday signed the Homebuyers Privacy Protection Act (H.R. 2808), establishing a nationwide ban on the abusive use of trigger leads beginning in March 2026. The legislation had broad mortgage industry support. It cleared the House in June and the Senate by unanimous consent in August, with bipartisan sponsorship from Reps. John

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IMBs urge Treasury, FHFA to preserve guarantee-fee parity

Community Home Lenders of America, Fannie Mae, FHFA, Freddie Mac, HWmember, IMBs, LendingLife, Mortgage, Regulatory /

A coalition of 46 independent mortgage banks (IMBs) is calling for guarantee-fee parity and a competitive cash window in a letter sent Friday to U.S. Treasury Secretary Scott Bessent and Federal Housing Finance Agency (FHFA) Director Bill Pulte.  The push comes as the Trump administration signals plans to move forward with a stock offering for

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VA mortgage partial claim restoration faces timing challenges

Department of Veterans Affairs, Foreclosure, HWmember, LendingLife, Mortgage, Mortgage Servicing, Regulatory, Servicing, Trump administration, U.S. Department of Veterans Affairs, Veterans /

While the mortgage industry has applauded the Trump administration’s push to restore a partial claim option for U.S. Department of Veterans Affairs (VA) loans, many experts warn it may arrive too late to help thousands of struggling borrowers. The program could prevent many defaults and foreclosures, but the implementation timeline is critical, they added. In statement

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FTC revisits noncompete rules after Biden-era ban blocked

Federal Trade Commission, HWmember, LendingLife, Mortgage, Regulatory, Regulatory Compliance, Trump administration /

The Federal Trade Commission (FTC) on Thursday issued a public request for information on noncompete agreements as it seeks to identify practices it considers “unfair” and “anticompetitive,” a topic that has drawn attention across the mortgage and real estate industries.  Under the Trump administration, the FTC said it will take a case-by-case approach rather than

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HUD moves to bar non-permanent residents from Section 184 tribal loan program

HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Scott Turner, Tribal housing /

The U.S. Department of Housing and Urban Development (HUD) has revised residency requirements for the Section 184 Indian Housing Loan Guarantee program to exclude non-permanent resident aliens. “This update aligns HUD’s requirements with recent executive actions that emphasize the prioritization of federal resources to protect the financial interests of American citizens and ensure the integrity

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Will HUD’s new guidelines transform reverse mortgage counseling?

Counseling, Credit.org, HUD, HWmember, Regulatory, Reverse, Reverse Mortgage Daily /

The U.S. Department of Housing and Urban Development (HUD) has issued regulatory guidance in the past year that has had a “significant impact on counseling” for prospective Home Equity Conversion Mortgage (HECM) borrowers. That’s according to Melinda Opperman, the chief external affairs officer for Credit.org, a national nonprofit financial counseling agency. In a recent interview

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ALTA throws support behind Fidelity in FinCEN lawsuit

American Land Title Association, Fidelity, Fidelity National Financial, FinCEN, HWmember, Real Estate, Regulatory, Scott Bessent, Title, Title insurance /

The American Land Title Association (ALTA) is taking a stand in Fidelity National Financial’s (FNF) lawsuit against the Financial Crimes Enforcement Network (FinCEN) and its new mandatory reporting rule, set to go into effect in December.  On Tuesday, the title insurance trade group filed a motion asking the U.S. District Court in Jacksonville, Fla., for

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Does the trigger leads bill opt-in provision wave goodbye to competition?

Consumer Protection, HWmember, IMBs, Lead Generation, Mortgage, Mortgage Broker, Regulatory, Retail Lending /

A long-awaited crackdown on trigger leads is on its way to President Donald Trump’s desk, but not everyone in the mortgage world is celebrating. Nestled in the bill is a provision that’s leading professionals to raise doubts about whether the measure is a consumer safeguard or a competition killer.  “The act will require consumers to

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Fidelity asks for summary judgment in suit against FinCEN, Bessent

Department of the Treasury, Fidelity National Financial, FinCEN, HWmember, Lawsuit, Legal, Real Estate, Regulatory, Scott Bessent, Title /

With the implementation date for Financial Crimes Enforcement Network’s (FinCEN) Anti-Money Laundering Regulations for Residential Real Estate Transfers fast approaching, Fidelity National Financial (FNF) and its subsidiaries are asking the court to take action in its lawsuit over the rule.  Filed in May 2025, the suit challenges FinCEN’s anti-money laundering rule, which requires title firms to

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