April 18, 2017
Tuesday’s Regulatory & Legislative Roundup
- The Federal Reserve Board is making changes to its current practices. This shift potentially could change America’s housing road to recovery. In recent months, reducing the number of bond holdings have been discussed by federal officials. Currently, the U.S. has a 1.75 trillion “stash of mortgage-backed securities.”
- The Consumer Financial Protection Bureau (CFPB) asked for thoughts on its potential changes to the Home Mortgage Disclosure Act (HMDA). The Bureau seeks to clarify some of the mortgage lending procedures such as the the reporting and information collection processes of financial institutions.
