How the mortgage industry is adapting to climate change
January 18, 2023 9:00 AM
The new threshold comes months ahead of the Federal Housing Finance Agency's formal announcement.
Federal Reserve Vice Chair for Supervision Michael Barr conceded major points to the industry on last year's capital reform proposal. But how regulators will approach other reforms in light of that experience is uncertain.
The legacy technology will be retired on October 31, 2025, ICE said.
A former housing regulator confirmed that he anticipates a release from conservatorship would occur if Trump's elected, adding to other signs a plan is brewing.
The top five lenders averaged more than $20 billion in mortgage originations through May.
The lynchpin to this is what Rocket management calls its "Super Stack" artificial intelligence technology.