CFPB Proposes Reg Z Changes for Libor Transition
As part of the planned transition away from the London Interbank Offered Rate—which is not guaranteed to be available after...
Mortgage
FHFA Finalizes Changes to FHLB Housing Goals
The Federal Housing Finance Agency today finalized several changes to the housing goals for the Federal Home Loan Banks.
FHFA: Fannie, Freddie Sold More than 126,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 126,757 nonperforming loans as of Dec. 31, 2019, with a total unpaid balance...
OCC’s Brooks Warns Governors, Mayors on Risks to Banks of Long-Term ‘Lockdowns’
As governors and municipal officials make decisions on reopening local economies in the wake of the coronavirus pandemic, Acting Comptroller...
Freddie Mac Issues Guidance for Sellers for Underwriting Self-Employed Borrowers
Freddie Mac today issued a bulletin providing temporary guidance for underwriting mortgage borrowers whose income is derived from self-employment during...
Fannie, Freddie Release Libor Transition Playbook
Fannie Mae and Freddie Mac today released a Libor Transition Playbook to help mortgage industry stakeholders prepare for the transition...
FHFA Re-Proposes Regulatory Capital Framework Changes for Fannie, Freddie
In a highly anticipated move today, the Federal Housing Finance Agency re-proposed a 2018 proposal to establish a new regulatory...
GSEs Issue Guidance on Refinance, Home Purchase Eligibility for Borrowers in Forbearance
Fannie Mae and Freddie Mac have issued temporary guidance clarifying the ability of borrowers with loans in forbearance to refinance...
Groups: Proposed CA Law Could Impair Banks’ COVID-19 Response
A new bill introduced in the California state legislature could limit the ability of lenders to offer flexibility to consumers...
FHFA Extends Foreclosure, Eviction Moratoriums for GSE-Backed Mortgages
The Federal Housing Finance Agency announced today that it would extend—until at least June 30—a moratorium on foreclosures and evictions...
