Federal court rejects challenge to Section 1071 final rule; ABA, TBA to appeal
A federal court denied a request for summary judgment in a lawsuit by ABA, the Texas Bankers Association and others...
Mortgage
Fannie Mae, Freddie Mac update private mortgage insurer eligibility requirements
Fannie Mae and Freddie Mac are updating their private mortgage insurer eligibility requirements, which are the financial and operational standards...
ABA, associations: Ginnie Mae cyber incident reporting standards impractical to implement
A new policy requiring issuers and document custodians of Ginnie Mae mortgage-backed securities to notify the corporation within 48 hours...
Mortgage rates drop slightly
The rate for a 30-year fixed-rate mortgage averaged 6.46% this week. The rate for a 15-year fixed-rate mortgage averaged 5.62%.
Existing home sales grew 1.3% in July
Existing home sales grew 1.3% in July to a seasonally adjusted annual rate of 3.95 million, the National Association of...
ABA suggests changes to broaden participation in FHLB affordable housing program
Many banks, especially smaller banks, do not have the resources or staffing to apply for funding through the Federal Home...
Mortgage rates rise slightly
The rate for a 30-year fixed-rate mortgage averaged 6.49% this week. The rate for a 15-year fixed-rate mortgage averaged 5.66%.
FHFA affordable housing advisory committee to hold first meeting
FHFA announced that the first meeting of the Advisory Committee on Affordable, Equitable and Sustainable Housing will be held in...
Inspector general report finds FHFA systems vulnerable to hacking
The Federal Housing Finance Agency’s information technology network has “serious vulnerabilities that increase the likelihood that hacking attempts will succeed,”...
CFPB: Contract-for-deed deals subject to Truth in Lending Act protections
“Contract-for-deed” real estate transactions are subject to the protections associated with residential mortgage loans under the Truth in Lending Act,...
