Fannie Mae to Include Rental Payment History in Underwriting
To help expand access to credit for borrowers with limited credit histories, the Federal Housing Finance Agency today announced that...
Mortgage
CFPB Issues Report on Mortgage Servicing During COVID-19
The Consumer Financial Protection Bureau today released a report highlighting data collected from 16 bank and non-bank mortgage servicers between...
Household Debt Rises by $313 Billion in Second Quarter
Total household debt increased 2.1% in the second quarter of 2021, rising by $313 billion to land at $14.96 trillion,...
Business Recovery Drives Business Loan Demand, Eased Standards
As the small business recovery took off in the second quarter, a substantially larger share of banks reported easing standards...
USDA, HUD, VA and FHFA Announce Extension of Eviction Moratoria
The Department of Agriculture, Department of Housing and Urban Development, Department of Veterans Affairs and the Federal Housing Finance Agency...
J.D. Power: Consumer Satisfaction with Mortgage Servicers Rises
Customer satisfaction with mortgage servicers industrywide increased six points to 787 on a scale of 1,000 during the pandemic, according...
CSBS Issues Model Prudential Standards for Nonbank Mortgage Servicers
As advocated by American Bankers Association, the Conference of State Bank Supervisors today published model state regulatory prudential standards for...
White House Announces New COVID-19 Relief Measures for Homeowners
As more borrowers exit COVID-19 forbearance programs, the Biden administration today announced several new relief measures designed to help mortgage...
FHLB Advances Decreased, Collateral Increased in 2020
Advances from Federal Home Loan Banks during 2020 decreased about 34% to $422.6 billion, the Federal Housing Finance Agency reported...
ABA to Lawmakers: Don’t Use G-Fees as Funding Offset
In a letter to Sens. Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio) today, the American Bankers Association and a broad...
