Mortgage

ABA, Housing Groups Seek More Clarity on TRID

ABA and several housing and financial trade groups yesterday asked the federal banking agencies to issue formal joint guidance through the Federal Financial Institutions Examination Council clarifying how they will examine compliance with the TILA-RESPA integrated disclosures after the new forms and processes take effect Oct. 3.

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ABA: FHA Window on Insurance Claims Unworkable

The Department of Housing and Urban Development’s proposal limiting the window under which an FHA-approved lender would be able to file a mortgage insurance claim is unworkable and should be withdrawn, ABA wrote in a comment letter Friday. Under the proposal, lenders would be required to file a claim within three months of securing title to a home post-foreclosure or ...

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FHA Proposes Lender Certification Changes

The Federal Housing Administration on Monday proposed changes to its lender certification rule in an attempt to clarify when it might seek to recover losses for defective loans. Among other things, the changes require a lender to certify that it has not been convicted of fraud or other disqualifying crimes within the past three years, except for cases the lender ...

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FHFA: Second Quarter HARP Refinances Down Slightly

More than 616,000 borrowers in the second quarter refinanced their Fannie Mae or Freddie Mac mortgage loans, with about 31,000 of those happening through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today. HARP refinances in the second quarter were down slightly from the previous quarter, dropping by less than 1,000. Seven percent of June’s loans refinanced ...

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