ABA, trade groups call for changes to FHA’s proposed partial claim option
ABA, the Mortgage Bankers Association and the National Mortgage Servicing Association cautioned the Federal Housing Administration that a proposed payment...
Mortgage
Agencies release HMDA data for 2022
The Federal Financial Institutions Examination Council released the 2022 Home Mortgage Disclosure Act data on mortgage lending transactions at 4,460...
OCC: Mortgage performance improved in first quarter of 2023
The OCC said that first-lien mortgages in the federal banking system performed better during the first quarter of 2023 than...
FHA adds preferred language, education requirement to mortgage originations
The Federal Housing Administration announced that it will require lenders to submit information about borrowers’ preferred language and any housing...
ABA, trade groups weigh in on FHFA’s proposed credit score modernization effort
Under the proposal, Fannie Mae and Freddie Mac would replace the current FICO credit score model with the FICO 10T...
Housing affordability: In the pursuit of equity
Affordable housing is an old problem in search of new solutions. As banks develop creative, sustainable programs to help close...
CFPB seeks to ‘streamline’ mortgage servicing rules
CFPB Director Rohit Chopra said that the agency will soon propose ways to simplify and streamline mortgage servicing rules, pointing...
Agencies propose guidance to address reconsiderations of value for residential real estate transactions
The banking agencies are seeking comment on proposed guidance addressing the reconsiderations of value for residential real estate transactions.
FHA proposes new tool for struggling homeowners
FHA is seeking feedback on a proposal to allow mortgage servicers to use the FHA Partial Claim to both bring...
Thompson: Updated pricing framework doesn’t penalize borrowers with higher credit scores
Thompson emphasized that “under the new pricing framework, borrowers with strong credit profiles are not being penalized to benefit borrowers...
