NAR Welcomes Fed’s Basel III Revisions

NAR Welcomes Fed’s Basel III Revisions

WASHINGTON, D.C.—Federal Reserve Board Vice Chair for Supervision Michael S. Barr announced Tuesday significant improvements to how banks would handle low down payment mortgages under so-called Basel III “endgame” changes. The following is a... Read more »
Rohit Chopra on new mortgage servicing rules, Basel III and the CFPB’s funding

Rohit Chopra on new mortgage servicing rules, Basel III and the CFPB’s funding

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expects that servicing rulemaking will be issued in the coming months modeled on the lessons learned through the COVID-19 pandemic. “I do anticipate that... Read more »