Bowman: Nonbank Mortgage Regulatory Framework Needs Work
Federal Reserve Governor Michelle Bowman said in a speech today that regulators need to revisit the regulatory framework for nonbank mortgage lenders.
Browsing: Mortgage
FHFA Finalizes Changes to GSE Capital Framework
In an important step toward facilitating the exit of Fannie Mae and Freddie Mac from conservatorship, the Federal Housing Finance Agency today finalized its regulatory capital framework for the GSEs.
FHFA Issues 2020 Performance, Accountability Report
The Federal Housing Finance Agency today released its annual performance and accountability report for 2020. The report focused on the agency’s efforts to meet three strategic goals, including: ensuring that the entities it oversees operate in a safe and sound manner, managing Fannie Mae and Freddie Mac’s conservatorships, and fostering liquid, stable and accessible national housing finance markets.
ABA, Industry Groups Launch Awareness Campaign for Struggling Mortgage Borrowers
With some Americans experiencing difficulties paying their mortgage due to COVID-19, the American Bankers Association yesterday joined a broad coalition of mortgage industry stakeholders and consumer groups to launch a new national campaign to help raise awareness about consumers’ forbearance options.
FHFA Validates Classic FICO for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency said today it has validated and approved the use of the classic FICO credit score model by Fannie Mae and Freddie Mac.
Fed Survey: Loan Demand, Standards Begin to Stabilize
Loan demand and standards for lending began to stabilize in the third quarter after demand weakened and standards tightened during the economic freefall of the second quarter.
ABA Data Bank: CRE Delinquencies Remain Elevated in Hospitality, Retail Sectors
The share of commercial real estate loans 30+ days delinquent jumped from 0.9% in April to 5.1% in June. Though that share eased to 3.2% in October, the delinquency rate remains 2.3 percentage points above its April levels.
FHLB Advances, Collateral Value Fall in 2019
Advances from the Federal Home Loan Banks during 2019 fell about 12% to $641.5 billion, the Federal Housing Finance Agency said today.
A Ghoulish Legal Question: Can You Sue a Dead Person?
On Halloween, ghosts and goblins parade the streets and doorsteps of our neighborhoods, and the boundaries between the corporeal and spiritual worlds are temporarily blurred. Recently, the Ninth Circuit resurrected a century-old question: Can you sue a dead person?
FHFA Releases Strategic Plan for 2021-2024
The Federal Housing Finance Agency today released its strategic plan for fiscal years 2021-2024.