Mortgage

Easing Continues on Business, Residential Mortgage Loans

In the previous quarter, banks kept terms and standards for business loans unchanged or eased them slightly, while tightening slightly on commercial real estate loans and easing in most residential mortgage loan categories, according to the Federal Reserve’s latest senior loan officer opinion survey released today.

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FHFA Halts Credit Score Initiative

As expected, the Federal Housing Finance Agency announced today that it will not issue a decision this year about updating the credit score models required by Fannie Mae and Freddie Mac.

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Bankers Call for Revisions to TRID for Single-Family Construction Loans

In a recent letter to the Consumer Financial Protection Bureau, more than 100 bankers from across the country called on the bureau to revise the TILA-RESPA Integrated Disclosure rule to exempt single-family residential construction loans from onerous disclosure requirements that have created confusion for consumers and caused many banks to exit the market.

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