Agencies Finalize Standards for State Appraisal Regulations
The federal financial agencies, along with the regulator of Fannie Mae and Freddie Mac, today finalized minimum requirements for state supervision of appraisal management companies.
Browsing: Mortgage
Fed, CFPB Webinar to Cover TILA-RESPA Integrated Disclosures
The Federal Reserve and Consumer Financial Protection Bureau will hold their fifth and final webinar in their series on the TILA-RESPA integrated disclosures on May 26 at 2 p.m. EDT.
An Interview with the FDIC’s Martin Gruenberg
Frank Keating asks the FDIC chairman’s views on the future of community banking, cybersecurity threats, regulatory burden, too-big-to-fail and more.
The Future of Residential Lending: Key Factors
Mortgage lenders need to watch out for repurchase risk, the future of Fannie and Freddie, disparate impact litigation and the non-Qualified Mortgage space.
ABA Seeks Letters to Congress on Pending Legislation
ABA is asking bankers to write their senators and representatives to enlist their support for several bipartisan bills introduced in recent weeks as part of ABA’s Agenda for America’s Hometown Banks: Data security. This alert urges senators to co-sponsor S. 921, which would strengthen data security standards for all players and recognize the high standards
Fannie, Freddie Profits See Big 2014 Drop
Fannie Mae’s and Freddie Mac’s combined annual income dropped to $21.9 billion in 2014 from $132.7 billion in 2013, the Federal Housing Finance Agency reported today.
FHFA: Fannie, Freddie G-Fees Will Remain at Current Levels
The guarantee fees that Fannie Mae and Freddie Mac charge will remain at current levels with “modest adjustments,” the Federal Housing Finance Agency said on Friday.
CFPB Issues Guidance on Housing Counseling Disclosure
The Consumer Financial Protection Bureau today issued an interpretive rule intended to help lenders comply with the requirement in its mortgage servicing and high-cost mortgage rules to provide a list — shortly after a borrower applies for a mortgage — of Department of Housing and Urban Development-approved housing counselors nearby.
House Passes ABA-Backed Points and Fees Bill
By a bipartisan 286-140 vote, the House today passed H.R. 685, a bill introduced by Rep. Bill Huizenga (R-Mich.) that would provide needed clarifications on the Qualified Mortgage rule’s points and fees test as part of ABA’s Agenda for America’s Hometown Banks.
OCC Updates Guidance on RESPA Compliance
The OCC today updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X.