Links in “Agencies”

Supervisory letter states that emphasis in the field will be safety and soundness, not solely on the basis of whether a loan's status is Qualified Mortgage or not. [1/10]

The 2/12/14 NCUA meeting will feature CFPB Director Cordray with emphasized discussion on changes in consumer protection regulations. Participants can submit questions in advance to WebinarQuestions@NCUA.gov using the subject matter line, NCUA-CFPB Town Hall or pose questions during the meeting by using the chat function. [1/9]

FinCEN and OCC combine for $461 million in fines of JPMorgan Chase for willfully violating BSA by failing to report suspicious transactions arising out of Bernard L. Madoff’s decades-long, multi-billion dollar fraudulent investment scheme. Financial institutions could benefit from a consideration of the key weaknesses cited by regulators. [1/8]

CFPB releases new resources for consumers to educate on protections from mortgage rules. Guidance includes sample letters that consumers can send to their mortgage servicers when suspecting errors, more FAQs and other help tips. [1/8]

Mel Watt was sworn in to head the Federal Housing Finance Agency, the agency created in 2008 in response to the housing crisis. [1/7]

By a 56-26 vote, the U.S. Senate approved Janet Yellen as head of the Federal Reserve, the first time a woman has held the position. Yellen takes over from Ben Bernanke Feb. 1. [1/7]

3 Needs Improvement, 5 Outstanding and 94 Satisfactory Ratings with Kansas Region leading the number of examinations at 33. [1/6]

Federal Housing Finance Agency, conservator of Fannie Mae and Freddie Mac, recovered nearly $8 billion in settlements with six institutions last year. Agency says it's not done yet. [1/6]

2014 HMDA asset threshold, CARD Act threshold, HOEPA annual threshold adjustment, asset-threshold for HPML escrow exemption -- it's all here. [1/6]

CFPB seeks information on key consumer “pain points” associated with mortgage closing and how those pain points might be addressed by market innovations and technology. Comments are requested from all sectors associated with loan closing. [1/3]