Mortgage Servicers Face Forbearance-Exit Tsunami and Aggressive Regulators
“We think the new administration will be aggressive and, quite frankly, willing to press the boundaries, since they can’t really...
Mortgage
FHFA Issues Final 2022-2024 Housing Goals for Fannie, Freddie
The Federal Housing Finance Agency today issued a final rule establishing single-family affordable housing goals for Fannie Mae and Freddie...
CFPB, DOJ Remind Servicers of Veteran, Service Member Rights As COVID Forbearance Ends
With many COVID-19 mortgage forbearance programs winding down, the CFPB and the Department of Justice today sent letters to mortgage...
FHFA to Require Fannie, Freddie to Submit Annual Capital Plans
The Federal Housing Finance Agency today issued a proposed rule requiring Fannie Mae and Freddie Mac to submit annual capital...
Regulators Signal No Changes to QRM Definition
The FDIC board yesterday determined that no changes will be made to the definition of “qualified residential mortgage” and related...
OCC: Mortgage Performance Improves in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2021 was 95.6%, up from 92.5% a...
CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and...
ABA, Trade Groups Push for FHA Roadmap on Replacing Libor
The American Bankers Association and a coalition of trade groups today—in response to an advanced notice of proposed rulemaking by...
ABA Urges FHFA to Refine Proposed Amendments to GSE Capital Framework
In a comment letter today, the American Bankers Association urged the Federal Housing Finance Agency to further refine proposed amendments...
FHFA: Fannie, Freddie Sold More than 130,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 130,808 nonperforming loans as of June 30, with a total unpaid balance of...
