Regulatory Compliance

Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

basel III, Congress, Federal Reserve, HWmember, Jerome Powell, LendingLife, Mortgage, Regulatory, Regulatory Compliance / Ricky Vasquez

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented. Powell’s statement comes as the Fed prepares to vote […]

Powell: Fed is reviewing Basel III, supplemental leverage ratio rules Read More »

CFPB cuts short monitoring of BofA mortgage practices

Bank of America, CFPB, HWmember, Mortgage, Regulatory, Regulatory Compliance / Ricky Vasquez

The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028. In a filing made public Monday, the CFPB said the bank “fulfilled the obligations” of the agreement signed in November 2023,

CFPB cuts short monitoring of BofA mortgage practices Read More »

Massachusetts set to bar home sellers from requiring inspection waivers

Affordability, Home inspections, Home Sales, Homebuyers, HWmember, Massachusetts, Real Estate, Real Estate Agents, Regulatory, Regulatory Compliance / Ricky Vasquez

Massachusetts homebuyers will soon be protected from being pressured into waiving home inspections under new regulation. The policy, put forth by the state’s Executive Office of Housing and Livable Communities (EOHLC), prohibits sellers and their agents from requiring or encouraging buyers to waive a home inspection as a condition of purchasing real estate. It also

Massachusetts set to bar home sellers from requiring inspection waivers Read More »

Judge blocks CFPB bid to undo Townstone redlining settlement

CFPB, Donald Trump, HWmember, Legal, Mortgage, Redlining, Regulatory Compliance / Ricky Vasquez

A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants. U.S. District Judge Franklin Valderrama ruled that allowing the CFPB to unwind the deal, finalized last year, “would erode public confidence in the

Judge blocks CFPB bid to undo Townstone redlining settlement Read More »

CFPB enforcement head resigns, citing ‘no intention to enforce the law’

CFPB, Donald Trump, Housing Market, HWmember, Regulatory, Regulatory Compliance, Trump administration / Ricky Vasquez

Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by

CFPB enforcement head resigns, citing ‘no intention to enforce the law’ Read More »

Senators call for investigation of possible DOGE ethics violations

CFPB, DOGE, Elon Musk, Housing Market, HWmember, Politics, Regulatory, Regulatory Compliance, Trump administration / Ricky Vasquez

Three senators are calling on the Department of Justice (DOJ) and federal watchdogs to investigate whether U.S. DOGE Service aides tasked with downsizing government agencies violated conflict-of-interest laws by holding stocks in companies overseen by thes, according to a recent ProPublica report. The request — sent last week by Sens. Elizabeth Warren (D-Mass.), Ron Wyden

Senators call for investigation of possible DOGE ethics violations Read More »

Federal Court blocks Trump’s ‘Liberation Day’ tariffs

Donald Trump, HWmember, Legal, Politics, Regulatory, Regulatory Compliance, Tariffs, Trump administration / Ricky Vasquez

A federal trade court has blocked President Donald Trump’s efforts to impose broad tariffs under emergency powers — ruling the move exceeded the authority granted to the president by the 1977 International Emergency Economic Powers Act (IEEPA). A three-judge panel of the U.S. Court of International Trade issued the decision Wednesday, siding with plaintiffs who

Federal Court blocks Trump’s ‘Liberation Day’ tariffs Read More »

Partner Real Estate unveils $5K model for agent support

HWmember, Real Estate, Real Estate Agents, Regulatory Compliance, Technology / Ricky Vasquez

California-based Partner Real Estate has announced a new business model that offers real estate agents access to tools, coaching and operational infrastructure for less than $5,000 per year. “The industry is at a turning point,” CEO Rudy Lira Kusuma said. “Agents shouldn’t have to spend six figures to perform like a top producer. Our mission

Partner Real Estate unveils $5K model for agent support Read More »

Potential picks for CFPB director after McKernan nomination pulled

Bloomberg, CFPB, Housing Market, HWmember, Politics, Regulatory, Regulatory Compliance, Senate, White House / Ricky Vasquez

With notable bumps in the road and quickly changing priorities, the road ahead for the Consumer Financial Protection Bureau (CFPB) during the second Trump administration remains clouded. The White House previously nominated someone for the CFPB’s director position who is largely seen as ideal by housing organizations across party lines. But that nominee, Jonathan McKernan,

Potential picks for CFPB director after McKernan nomination pulled Read More »

Where land-use regulations are driving up housing costs

Affordability, Altos, Construction, Data & Visuals, Home Prices, Housing Market, HWmember, Regulatory, Regulatory Compliance / Ricky Vasquez

President Donald Trump has made deregulation a policy pillar for his second term — and housing regulations are up for review. Homebuilders say that federal rules have driven up the cost of building a home. Many mortgage professionals want to release Fannie Mae and Freddie Mac from conservatorship. And there were no shortage of complaints

Where land-use regulations are driving up housing costs Read More »

Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

CFPB cuts short monitoring of BofA mortgage practices

Massachusetts set to bar home sellers from requiring inspection waivers

Judge blocks CFPB bid to undo Townstone redlining settlement

CFPB enforcement head resigns, citing ‘no intention to enforce the law’

Senators call for investigation of possible DOGE ethics violations

Federal Court blocks Trump’s ‘Liberation Day’ tariffs

Partner Real Estate unveils $5K model for agent support

Potential picks for CFPB director after McKernan nomination pulled

Where land-use regulations are driving up housing costs

Equal Housing Opportunity

Contact Us

SSL Certificate

Resources

Connect With Us