In a comment letter today, the American Bankers Association urged the Federal Housing Finance Agency to further refine proposed amendments to the capital framework for Fannie Mae and Freddie Mac relating to the prescribed leverage buffer amount and credit risk transfers.
Fannie Mae and Freddie Mac have sold 130,808 nonperforming loans as of June 30, with a total unpaid balance of $24.5 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency.
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2022 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, Common Securitization Solutions.
The CFPB today announced that it will undertake a review of its rules implementing the 2015 changes to the Home Mortgage Disclosure Act regulations.
The Federal Housing Finance Agency today released its annual performance and accountability report for 2021
Customer satisfaction with mortgage originators industrywide declined five points to 851 on a scale of 1,000, according to the J.D. Power 2021 Primary Mortgage Origination Satisfaction Study of both bank and nonbank mortgage lenders released today.
Total household debt increased 1.9% in the third quarter of 2021, rising by $286 billion to land at $15.24 trillion, the Federal Reserve Bank of New York reported today.
Federal Reserve Governor Michelle Bowman remains “concerned about some of the differences in the prudential oversight of banks and nonbank” mortgage servicers, she said in a speech today.
…and other questions from ABA Regulatory Policy and Compliance Inbox
The Federal Housing Administration in recent days posted draft updates for comment on the defect taxonomy for servicing loan reviews, which is used to identify loan-level defects and remedies for these shortcomings.