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Author name: Ricky Vasquez

Russell Vought, acting director of the Office of Management and Budget

CFPB blocks state enforcement of federal consumer laws

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Russell Vought is the acting director of the Consumer Financial Protection Bureau.Andrew Harrer/Bloomberg The Consumer Financial Protection Bureau has withdrawn guidance from the Biden administration that had expanded states’ rights, allowing individual states to broadly enforce violations of federal consumer protection laws. The CFPB under former CFPB Director Rohit Chopra interpreted the Consumer Financial Protection […]

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What Ginnie Mae’s newest executive is planning for mortgages

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Ginnie Mae’s operations chief told the industry Monday he is pursuing data improvements and revisiting several industry suggestions for innovations that could improve operations. When asked about concepts the Mortgage Bankers Association has recommended exploring such as creating a securitization vehicle for early buyout loans, Chief Operating Officer Joseph Gormley said Ginnie is “taking a

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Lenders feel better, not exuberant, about housing market

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The Mortgage Bankers Association’s latest forecast for 2025­ expects volume to be slightly lower than previously thought, with a 14% increase in the number of units produced.  Mike Fratantoni, the group’s chief economist speaking at its Secondary & Capital Markets Conference in New York on Monday, recounted discussions he had in recent days with people

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