Hannah Lang is a Washington-based reporter who writes about federal mortgage policy and the U.S. housing finance system for American Banker and National Mortgage News. She is a former multimedia reporter for the Capital News Service and a graduate of the University of Maryland at College Park.
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Some worry the Senate’s rejection of the OCC rule hampers efforts to clarify legal standards for banks selling loans to fintechs.
May 12 -
Fannie and Freddie's regulator says the companies must comply with the new Qualified Mortgage standard by the summer, while the Consumer Financial Protection Bureau has extended the deadline to 2022. The conflicting timetables have stoked uncertainty in the market.
May 7 -
The Federal Reserve said its regional banks should consider whether nontraditional financial companies meet the requirements of certain federal statutes and present “undue” risk to the financial system before granting access.
May 5 -
The head of the Federal Reserve appeared to support Congress’s expanding the scope of the Community Reinvestment Act to unregulated institutions, just as regulators weigh how to modernize the framework for banks.
May 3 -
The Federal Reserve's top supervisory official, Randal Quarles, says regulators need to get a stronger grasp of digital currencies in order to supervise them. His comments Thursday follow reports that several large banks have started offering clients the ability to invest in bitcoin funds.
April 29 -
Federal Reserve Chair Jerome Powell is dismissing claims that loose monetary policy has led to rising home values and shrinking inventory and insists that the market is buoyed by creditworthy borrowers and investors.
April 28 -
It would be available to homeowners making 80% or less of their area’s median income who weren't eligible to tap into low rates last year.
April 28 -
The end of the refinancing boom and impending rise in rates are not the only challenges lenders face. As one observer put it, they "can't make loans on homes that don't exist."
April 27 -
House and Senate GOP members have stepped up criticism of a plan to include banks in a global push to cut emissions, saying it could cut off financial services access for energy and fossil fuel companies.
April 21 -
Federal Housing Finance Agency Director Mark Calabria said he wants to work with the consumer bureau on an “exit strategy” for borrowers approaching the end of their forbearance periods.
April 20
