Key insight: Comptroller Jonathan Gould referenced the Office of the Comptroller of the Currency’s founding by Abraham Lincoln as the basis for federal preemption policy. Forward look: He said the OCC will continue to file briefs with federal courts on the subject so that there will be a robust record to shore up the agency’s […]
OCC’s Gould doubles down on state preemption Read More »
Key insight: Eight civil rights nonprofits have urged a federal court to reject a proposed settlement between the Department of Justice and developer Colony Ridge, arguing an immigration enforcement clause in the settlement is “unlawful.” What’s at stake: The underlying lawsuit targeted a “foreclosure mill” that sold undeveloped, flood-prone land to Hispanic buyers at 10%
Advocates urge judge to block $68m Colony Ridge settlement Read More »
Government loan performance issues prompted tighter underwriting in the past month but credit availability expanded in other parts of the market, according to a Mortgage Bankers Association analysis. Processing Content Availability in the jumbo sector, which includes loans made outside of the regulatory definition for a standard “qualified mortgage,” expanded 2.9%, the Mortgage Credit Availability
Credit diverges: Jumbo rises, FHA slips Read More »