Citing rising credit risk in its single-family loan portfolio, the Federal Housing Administration this month reintroduced manual underwriting requirements for single-family mortgages with credit scores under 620 and debt-to-income ratios exceeding 43 percent.
The share of current and performing first-lien mortgages in the fourth quarter of 2018 was 95.8 percent, up slightly from 94.5 percent a year ago, according to the Mortgage Metrics Report released today by the OCC.
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.13 percent to 1.08 percent at the end of the fourth quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
How a new tax incentive could drive commercial lending in rural communities.
The Consumer Financial Protection Bureau today requested public feedback on Property Assessed Clean Energy loans, a controversial type of financing that allows homeowners to pay for energy-efficient retrofitting — such as solar panels and high-efficiency air conditioners — through their property tax assessments, and which often take lien priority over the first mortgage lien.
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
With housing GSEs Fannie Mae and Freddie Mac set to issue a single security — the Uniform Mortgage-Backed Security — starting in June, the Federal Housing Finance Agency today issued a final rule intended to ensure predictable cash flow to MBS investors.
For Valentine’s Day, the ABA Banking Journal Podcast digs into trends on U.S. marriage and fertility rates and how they might affect financial institutions.
Modest net percentages of banks tightened terms and standards for business loans in the previous quarter, with standards for the most part remaining unchanged, according to the Federal Reserve’s latest senior loan officer opinion survey released today.