Myths and facts about the Federal Home Loan Bank System
Rebutting erroneous claims about the FHLBs and the failure of Silicon Valley Bank.
Browsing: Mortgage
FHFA: Homeowners’ equity remains high
Homeowner equity in the U.S. remains high and the percentage of homeowners with negative equity is at its lowest level in a decade, according to a new analysis by FHFA.
ABA: Proposed quality control rule for AVMs would overburden banks
A proposed interagency rule to regulate the quality of algorithmic models used in real estate valuations would likely overburden—and therefore discourage—the very technology it is seeking to regulate, ABA said.
Housing agencies: Assistance available following Maui wildfires
The Federal Housing Administration, Federal Housing Finance Agency and other federal housing agencies have released a list of the various forms of assistance available to homeowners and renters in Hawaii following the Maui wildfires.
CFPB penalizes nonbank mortgage provider for alleged kickbacks
The CFPB penalized the nonbank mortgage loan originator and servicer Freedom Mortgage for allegedly providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals.
More than meets the eye: Continued opportunities in commercial real estate
Given the diversity of the CRE sector, banks should not be painted with the broad brush of urban office space exposures.
FHA proposes removing face-to-face requirement for borrowers in default
The Federal Housing Administration proposed making permanent a pandemic-related rule that waives the Department of Housing and Urban Development’s requirement for mortgagees to meet in person with borrowers who are in default on their mortgage payments.
FHFA issues proposed rule on suspended counterparty program
The proposed rule would authorize the suspension of business between regulated FHFA entities and counterparties found to have committed misconduct in the context of civil enforcement actions or that have committed criminal or civil misconduct in connection with the management or ownership of real property.
ABA, trade groups call for changes to FHA’s proposed partial claim option
ABA, the Mortgage Bankers Association and the National Mortgage Servicing Association cautioned the Federal Housing Administration that a proposed payment supplemental partial claim option “would significantly increase the operational, compliance, liquidity and reputational risk for mortgage servicers, while introducing potential harm to borrowers.”
Agencies release HMDA data for 2022
The Federal Financial Institutions Examination Council released the 2022 Home Mortgage Disclosure Act data on mortgage lending transactions at 4,460 financial institutions, up from 4,338 institutions the previous year.