Federal and state rules and the rule changes that move them: TILA, RESPA, ECOA, FCRA, state licensing, fair lending, executive orders, FHFA actions, agency Selling Guides, CFPB rulemaking, AI governance frameworks, FAPA and other regulatory and legal landscape changes.
Six years, running from the day the representations were made, which is the closing date. Not from the day the defect is discovered, and not from the day the seller refuses to repurchase. The New York Court of Appeals settled this in ACE Securities Corp. v. DB Structured Products, Inc., decided June 11, 2015, holding…
A repurchase request runs on a chain of deadlines, and missing any one of them ends the fight rather than losing it. At Fannie Mae the sequence is a 60 day appeal, an optional 15 day second appeal, a 15 day window to demand impasse, a further 15 days to demand management escalation, and then…
In writing, within 60 days of receiving the demand, in one consolidated case file package containing all supporting documentation at once and identifying the Guide or Lender Contract section relied on. A letter promising a complete package later does not satisfy the requirement. Miss the 60 days and the seller is presumed not to contest…
Do federal laws preempt state mortgage trigger-lead restrictions, and how should lenders manage state compliance overlays in 2026? No, the federal Homebuyers Privacy Protection Act does not preempt state laws that impose stricter consent, disclosure, or recordkeeping requirements on mortgage trigger leads. Multi-state lenders designing compliance programs around federal statutes alone risk seven-figure class-action exposure…
What are the primary compliance risks for mortgage lenders six months after the enactment of the federal trigger-leads ban? Six months following the implementation of the Homebuyers Privacy Protection Act, underprepared lenders face severe financial exposure within three distinct compliance holes: misjudging the narrow scope of the “existing relationship” exception, failing to account for stricter…
What strategic changes does Executive Order 14393 mandate for residential secondary mortgage market trade desks? Executive Order 14393, signed March 13, 2026, directs federal financial regulators to overhaul lending and compliance costs by tailoring capital risk weights, broadening portfolio loan safe harbors, and modernizing collateral appraisal technology. While final agency rules will take months or…
