Mike Sorohan - Profile and Journalist Details
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Director of Electronic Publications, MBA Newslink
Beats
Higher education and foreign policy
At the moment, I am not covering healthcare.
Content
By Mike Sorohan| MBA Newslink@ The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders. The FHFA announcement rescinded the debt-to-income-based loan-level pricing adjustment proposed in January.
By Mike Sorohan| MBA Newslink@ Last week, a court decision dealt a significant blow to the Consumer Financial Protection Bureau’s enforcement authority—and it has broad implications for the nation’s independent mortgage banks as well. On Feb. 3, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act does not extend to “prospective” applicants under a plain language reading of the statute.
By Mike Sorohan| MBA Newslink@ The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders. The FHFA announcement rescinded the debt-to-income-based loan-level pricing adjustment proposed in January.
Company Info
MBA Newslink
Washington, District of Columbia, United States
+1 202-557-2700