News & Analysis as of August 17, 2025

Consumer Financial Products

+ Follow

The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

FCA publishes final rules on simplifying mortgage lending rules under the MRR

A&O Shearman on 8/7/2025

The UK Financial Conduct Authority (FCA) has published final policy statement PS25/11, accompanied by a press release, finalising the first set of reforms under the Mortgage Rule Review (MRR). These changes aim to simplify...more

New CFPB Rule Applies Mortgage Standards to Residential PACE Financing

Sheppard Mullin Richter & Hampton LLP on 12/24/2024

On December 17, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule applying standard mortgage protections to Residential Property Assessed Clean Energy (PACE) loans. The rule amends Regulation Z to clarify...more

Federal Agencies Issue Final Automated Valuation Model Quality Control Rule

Ballard Spahr LLP on 7/3/2024

Federal banking regulators recently began adopting a final rule that requires, among other things, supervised mortgage originators and secondary market issuers to ensure that automated valuation models they use follow quality...more

The UK Introduces Repayment Concessions for Residential Mortgages

Cadwalader, Wickersham & Taft LLP on 9/20/2023

In June of this year, the UK’s Financial Conduct Authority (“FCA”) introduced rules to allow mortgage lenders to more easily vary contracts in order to allow borrowers to make reduced capital payments or switch to an...more

FHA Rule Reduces Barriers to Reverse Mortgages for Condominium Owners

Bradley Arant Boult Cummings LLP on 8/26/2019

After a nearly three-year delay, the U.S. Department of Housing and Urban Development (HUD) has finally released an update to its FHA condominium rules. The new rules, which take effect October 15, 2019, allow for FHA...more

5 Results

View per page