Mortgage

ABA Responds to Proposal to Combat Appraiser Shortage

As the shortage of appraisers continues to be a priority issue for bankers, particularly those in rural markets, ABA last week offered feedback on a recent proposal by the Appraiser Qualifications Board to change the qualification criteria for real property appraisers.

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Navigating the Complexities of Affordable Housing Finance

By Corey Carlisle Financing housing development has many challenges, but keeping that housing stock within reach of a growing segment of low- to moderate-income households can be nearly impossible. The chief culprit here is the widening gap between construction and maintenance costs and the rents most can pay. To bridge this divide, affordable housing developers and lenders turn to various ...

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FHFA: GSEs Fall Short of Low-Income Housing Goals

The Federal Housing Finance Agency in its Annual Housing Report today said that both Fannie Mae and Freddie Mac failed to meet their affordable housing goals for low and very-low income buyers purchasing single-family homes in 2015.

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Cordray Urges Banks to Review Complaints in CFPB Database

Consumer Financial Protection Bureau Director Richard Cordray today said he “urged” all bankers to review and analyze complaints in the CFPB’s public database -- not only “the feedback you receive directly from your own customers, but also…complaints made about others in the same markets.”

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Watt Outlines Focus Areas for GSEs in 2017

Providing greater access to credit and affordable housing, supporting underserved markets and addressing language access issues will be key focus areas for Fannie Mae and Freddie Mac in 2017, Federal Housing Finance Agency Director Mel Watt said today.

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