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...
Mortgage
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.
ABA to CFPB: Extend ‘GSE Patch’ Six Months Past QM Final Rule
ABA yesterday welcomed the Consumer Financial Protection Bureau’s proposal to extend the temporary “GSE patch”—which grants Qualified Mortgage status to...
California Bankers, ABA Oppose Golden State Forbearance Bill
ABA joined the California Bankers Association and other industry groups in a letter opposing A.B. 1436, a bill introduced in...
ABA Welcomes CFPB’s Reg Z Libor Transition Proposal, Recommends Tweaks
With the London Interbank Offered Rate relied on by many banks not guaranteed to be available after 2021, ABA and...
ABA, Trades Call on FHA to Revise Underwriting Policy on Student Debt
ABA this week joined a coalition of housing and financial trade groups in a letter urging the Federal Housing Administration...
Crapo Presses Regulators to Extend CARES Act Relief Provisions
As reported by Politico this week, Senate Banking Committee Chairman Mike Crapo (R-Idaho) wrote to the heads of the financial...
Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of...
ABA Study Provides Window into Pre-COVID, Post-COVID Construction Lending
ABA today released a research study examining banks’ construction lending activity.
FHFA Proposes 2021 Houses Goals for Fannie, Freddie
The Federal Housing Finance Agency today proposed to hold housing goals for Fannie Mae and Freddie at their current levels...
