The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac’s caps for multifamily lending will shrink to $35 billion each for 2018. The determination was based on the agency’s projection that the overall size of the multifamily finance market will be slightly smaller than in 2017. Multifamily loans in designated affordable and underserved segments will remain excluded from the caps, and FHFA will review the caps on a quarterly basis.
FHA’s proposed implementation of a new rule removing the face-to-face meeting requirement for certain mortgagees could actually increase the complexity and risk of the borrower engagement process, ABA and three associations said.
Federal Reserve, FDIC and OCC extended the public comment period for their request for information on bank partnerships with financial technology companies to Oct. 30.
Household incomes are catching up with inflation, with important implications for credit quality and overall consumer health.
The FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Pennsylvania affected by Tropical Storm Debby.
ABA and the Colorado Bankers Association released a new ad highlighting Rep. Brittany Pettersen’s (D-Colo.) support for legislation that would enable banks to provide services to licensed cannabis businesses in states where cannabis is legal.
The Treasury Department and IRS released proposed regulations concerning the implementation of the corporate alternative minimum tax that incorporated an ABA recommendation.
