Posted To: Pipeline Press

I was telling my cat Myrtle that U.S. lenders are continuing to bask in the glow of a great 2019 and a start to 2020 (with March and April now looking very good, given rates), but that one of the big worries is about branches and referral partners being picked off, either through acquisitions or by competitors. She seemed disinterested. But she is particularly seemingly interested in is what regulators and Agencies, from the CFPB and HUD through to state “mini-CFPBs,” are doing. For example, just this week we saw a plethora of acronyms in one sentence: The Federal Housing Finance Agency (FHFA, overseer of FNMA and FHLMC) issued a request for input (RFI) related to non-bank membership into the Federal Home Loan Bank System (FHLB). Bank or non-bank, we lend in a very regulated world…(read more)

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Source: Mortgage News Daily