Mortgage

ABA, Housing Groups: GSE Structural Reforms Must Precede Recapitalization

As debates continue to swirl about recapitalizing the housing GSEs Fannie Mae and Freddie Mac, ABA and several other housing and financial groups urged Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mel Watt not to give in to advocates for rebuilding Fannie’s and Freddie’s capital cushions without structural reform.

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CFPB Harmonizes Regs B and C

The Consumer Financial Protection Bureau today modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C).

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ABA Joins Groups in Support of HUD Nominee

A coalition of 59 housing and finance groups -- including ABA -- wrote to Senate leadership today urging them to support the nomination of Pam Patenaude as deputy secretary of the Department of Housing and Urban Development.

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ABA, Groups Oppose Language Preference Question on URLA

ABA and several financial trade groups today again cautioned the Federal Housing Finance Agency against adding a question about borrowers’ language preference to the Universal Residential Loan Application without more in-depth consideration of the legal implications of doing so.

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CFPB Finalizes HMDA Technical Corrections, HELOC Reporting Threshold

The Consumer Financial Protection Bureau today issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act, as well as temporarily raising the threshold at which banks are required to report data on home equity lines of credit.

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