Georgia Kromrei will be joining HW+ members for a Q&A on October 14, at 12 CT to discuss what on earth is happening with federal regulators.
Hey HousingWire readers,
Over the last month, two of the biggest housing regulators either changed or were rumored to change leadership. In mid-September, there were talks that the Biden administration would nominate Mike Calhoun, president of the Center for Responsible Lending, as the new FHFA Director, and at the end of September, Rohit Chopra was officially approved as director of the Consumer Financial Protection Bureau for a five-year term.
According to coverage from Senior Mortgage Reporter Georgia Kromrei, a lot remains to be seen with both of these leadership changes, leaving the industry looking for answers. To help shed some light (again) on what on earth is happening with federal regulators, Kromrei will be joining us for a Q&A this Thursday, October 14, at 12 CT.
Here's where the FHFA is headed under Sandra Thompson
The Acting Director's collaborative approach with industry stakeholders is a departure from her predecessor, Mark Calabria. So what does this mean for the future of the FHFA?
Industry prays for clarity but expects no mercy from Chopra
Affordable housing and consumer advocates hailed Rohit Chopra's confirmation as Consumer Financial Protection Bureau director, but industry stakeholders hope the watchdog agency will not catch them off guard.
Consumer finance experts and attorneys specializing in mortgage regulation compliance expect Chopra, an acolyte of Massachusetts Democratic Sen. Elizabeth Warren, to ramp up the CFPB's enforcement activities.
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