Mortgage

FDIC Releases Affordable Housing Guide for Single-Family Lenders

The FDIC today released a new guide to affordable single-family home loan programs, which collects information about programs to expand access to affordable mortgage credit, including programs targeted in rural and low- and moderate-income communities and to Native Americans and veterans.

Read More »

Boston Fed: CRE Risks Complicate Fed’s Monetary Moves

The persistent and abnormally low interest rate environment has increased risks of a destabilizing shock in the commercial real estate sector -- complicating policymakers’ efforts to use low rates to achieve the Federal Reserve’s monetary policy goals, according to Federal Reserve Bank of Boston President Eric Rosengren.

Read More »

Fannie, Freddie Issue New URLA Form

Fannie Mae and Freddie Mac today announced the release of the redesigned Uniform Residential Loan Application, the first substantial revision to the form in more than two decades.

Read More »

Mortgage Rates Down Slightly

The rate for a 30-year fixed-rate mortgage averaged 3.43 percent this week, down from the previous week’s 3.45 percent, Freddie Mac said today. At this time last year, the 30-year FRM rate averaged 3.93 percent. This week’s 15-year FRM averaged 2.74 percent, down from 2.76 percent last week. A year ago, the 15-year FRM averaged 3.15 percent.

Read More »

Trades Urge HUD, VA to Allow Comment on PACE Guidance

ABA and several trade groups wrote to the Department of Housing and Urban Development and the Department of Veterans affairs yesterday regarding recently issued guidance on Property Assessed Clean Energy loans, which provide homeowners a way to have their homes undergo energy-efficient retrofitting financed through property tax assessments. The groups urged the departments to suspend the applicability of the guidance ...

Read More »

FDIC Updates Video Resources on ATR, QM Rules

The FDIC yesterday released updated videos on the Ability to Repay and the Qualified Mortgage rules. The updated videos provide bank management and compliance staff with resources to better help them understand the rule, and reflect changes in federal laws and regulations since their original release in 2014. Specifically, the updated videos reflect changes with respect to small creditors and ...

Read More »

CFPB Publishes Resources on HMDA Final Rule

The Consumer Financial Protection Bureau has published a webinar and other resources on its website to help bankers comply with the Home Mortgage Disclosure Act final rule. The resources address institutional and transactional coverage, the data disclosure and submission process and key dates. Bankers can view the webinar on the bureau’s website or on YouTube. Access the resources.

Read More »