The Federal Housing Finance Agency today released additional guidance for guidelines published in 2021 on adverse and non-adverse classification of assets at Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The new document elaborates on certain elements in the guidelines and provides clarifications related to asset classifications, loss-classified balance calculations and other accounting topics.
Court blocks CFPB’s late fee rule from taking effect
ABA's Rob Nichols welcomed the ruling, which he said “will spare banks from having to immediately comply with a rule...