NCRC: Expand CRA to Cover Credit Unions, Other Nonbanks
The Community Reinvestment Act should be expanded to cover credit unions, other nonbank lenders and insurers, according to the National...
Mortgage
FHFA Delays GSE Refinance Fee to Dec. 1
The Federal Housing Finance Agency today delayed a 50 basis point fee it had planned to start imposing on Fannie...
State Associations Urge FHFA Director to Rescind “Ill-Advised” Refi Fee
Fifty-one state bankers associations wrote to Federal Housing Finance Agency Director Mark Calabria today urging him to rescind the 50...
Senators Raise Concerns Over GSE Refinance Fee
A group of Democratic senators today wrote to FHFA Director Mark Calabria raising concerns about a recent announcement that Fannie...
CFPB Proposes New Qualified Mortgage Category
The Consumer Financial Protection Bureau today proposed to create a new category of “seasoned” qualified mortgages.
The Evolution of the Digital Borrower Experience
Seamless processes connecting loan officers’ personal service and digital convenience make customers comfortable for the biggest purchase they may ever...
ABA, Trade Groups Urge Oregon Governor to Not Extend Emergency Mortgage Law
ABA joined six financial, housing and consumer groups in a letter to Oregon Gov. Kate Brown urging her to allow...
Financial, Housing and Consumer Groups Criticize New GSE Fee on Refinances, Call for Withdrawal
In a surprise move Wednesday night, Fannie Mae and Freddie Mac announced that they will impose an “adverse market refinance...
ABA Supports Flexibility for Servicers Offering Forbearance Options to Borrowers
In a comment letter to the Consumer Financial Protection Bureau yesterday, the American Bankers Association supported a recent interim final...
CRE Tenants Have Missed Billions in Payments. Which Sectors Are the Most at Risk?
While it is too early to assess the full effects, COVID-19 will permanently reshape commercial real estate in the U.S.
