The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Politics & Money

CFPB creates taskforce to examine federal consumer financial law

To configure where regulation should be simplified and modernized

The Consumer Financial Protection Bureau announced it will establish a taskforce to examine ways to modernize federal consumer financial laws.

The taskforce on Federal Consumer Financial Law will examine the existing legal and regulatory environment facing consumers and financial service providers. It will examine ways to improve and strengthen consumer financial regulations and report what it finds to CFPB Director Kathy Kraninger.

The taskforce will produce new research and legal analysis of consumer financial laws that will focus on harmonizing, modernizing and updating the existing consumer credit laws. It will identify gaps in knowledge that can be addressed through research, ways to improve consumer understanding or markets and products and potential conflicts or inconsistencies in existing regulations and guidance.

“An objective and independent evaluation of our current regulatory framework to identify where there may be gaps or where regulation should be simplified or modernized is needed to help us more effectively carry out our mission of protecting consumers,” Kraninger said. “As we work to set up the taskforce, we encourage interested individuals to apply to be considered to be part of the taskforce.”

The members of the taskforce have not yet been selected, but will include several members with a broad range of expertise in the areas of consumer protection and consumer financial products or services; analyzing consumer financial markets, laws and regulations; and a demonstrated record or senior public or academic services. The CFPB is now accepting applications for members to serve on the taskforce.

Earlier this year, The CFPB announced that it plans to “periodically” review its regulations and may amend or even abolish existing rules.

According to the CFPB, the review of its rules is stipulated by the Regulatory Flexibility Act, which establishes that agencies should review certain rules within 10 years of their enactment and consider those rules’ impact on “small businesses.”

3d rendering of a row of luxury townhouses along a street

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