Mortgage

OCC Focusing on Sales Oversight at Large Banks

In the wake of the scandal over fake accounts created at Wells Fargo, the OCC has added a strong emphasis on governance of sales practices to its risk supervision for large banks, according to the agency’s Semiannual Risk Perspective released today.

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FHFA Sets 2017 Performance Goals for Fannie, Freddie

The Federal Housing Finance Agency today issued the metrics on which it will assess the 2017 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, which will be implemented for the “Single Security” to be issued by both GSEs in 2018.

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Fannie, Freddie Unveil HAMP Successor

Fannie Mae and Freddie Mac today announced new foreclosure prevention programs designed to replace the Home Affordable Mortgage Program, which expires at the end of this year.

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FHFA Issues Final ‘Duty to Serve’ Rule

The Federal Housing Finance Agency today issued a final rule requiring Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.

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