FHA issues final rule for transitioning ARMs off Libor
The Federal Housing Administration this week published a final rule removing Libor as an approved index for adjustable-rate mortgages and...
Mortgage
FHFA seeks comment on Federal Home Loan Bank reviews
FHLBank members are required to submit a community support statement once every two years that describes their community support activities.
CFPB warns mortgage comparison platforms against biasing results
The CFPB this week issued guidance warning mortgage comparison-shopping digital platforms that they are violating federal law if they direct...
Fed survey: Lending standards tightened in Q4 2022
Lending standards for most business and consumer loans tightened during the fourth quarter of 2022, with weaker demand reported in...
OCC announces loan origination threshold changes
The OCC this week issued a bulletin to inform banks and examiners that the loan origination threshold for reporting Home...
Chopra questions home appraisal regulation regime
Consumer Financial Protection Bureau Director Rohit Chopra this week questioned the appropriateness of having an independent nonprofit set home appraisal...
FHFA reduces commingled securities fee after outcry
Fannie Mae and Freddie Mac will reduce the upfront fee for commingled securities to 9.375 basis points starting April 1,...
CFPB suggests mortgage servicers continue offering COVID-related relief in nonpandemic situations
The agency expects servicers to continuing using 'all the tools at their disposal' to keep consumers in their homes.
ABA, industry groups push for veterans home loan program reforms
In a letter this week, the American Bankers Association and 18 industry and advocacy groups urged the Veteran’s Administration to...
FHFA issues guidance on mortgage servicing rights for managing counterparty credit risk
The notice is intended to communicate FHFA’s supervisory expectations for Fannie Mae and Freddie Mac “to establish and implement risk...
