Mortgage

Fed Survey: Banks Continue to Tighten on CRE Lending

Bankers continued tightening credit for commercial real estate and certain consumer loans in the first quarter of 2017, while easing slightly on commercial and industrial lending, according to the Federal Reserve’s latest senior loan officer survey released today.

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ABA Issues Staff Analysis on HMDA Correction Proposal

ABA today issued a staff analysis on the Consumer Financial Protection Bureau’s recent proposal to make technical corrections and clarifications to the data lenders are required to collect and report under the final Home Mortgage Disclosure Act Rule (Regulation C).

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Financial Choice Act Clears House Committee

The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.

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Supreme Court Sends Miami Fair Housing Case Back for Rehearing

While holding that cities may sue lenders under the Fair Housing Act, alleging reduced property tax revenues due to predatory lending, the Supreme Court today found that the lower court should have used a more stringent test to determine whether the city of Miami was entitled compensation for its losses.

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