The share of current and performing first-lien mortgages in the fourth quarter of 2022 was 97.1%, up from 96.4% a year ago, according to the Mortgage Metrics Report released by the OCC on Friday.
Fannie Mae and Freddie Mac will allow borrowers facing hardships to defer up to six months of mortgage payments under newly enhanced payment deferral policies, the Federal Housing Finance Agency announced this week.
U.S. households expect home prices to grow 2.6% over the next 12 months, down sharply from 7% a year ago, according to data released this week by the Federal Reserve Bank of New York as part of its broader Survey of Consumer Expectations.
Revisit the critical days of March and April 2020 in Washington on the latest episode of the ABA Banking Journal Podcast.
With the Federal Housing Finance Agency working to replace the classic FICO credit score model with the FICO 10T and VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac, the agency is seeking public feedback on its implementation plans.
The Federal Housing Finance Agency will delay the implementation of a new debt-to-income ratio-based fee until Aug. 1 to allow additional time for lenders to prepare to deploy it.
Mortgage lenders can be held liable under federal law for relying on discriminatory appraisals from third-party appraisers, the CFPB and U.S. Department of Justice said this week.
The Federal Trade Commission this week filed a lawsuit to block a proposed merger between the nation’s two largest providers of home mortgage loan origination systems and other lender software tools.
How does a community bank whose bread and butter was mortgage lending make the business sustainable in a time when mortgages have increasingly moved to the nonbank sector?
The rule allows increasing the maximum term of a loan modification from 360 to 480 months for FHA-insured mortgages after a default episode.