FHFA issues guidance on mortgage servicing rights for managing counterparty credit risk
The notice is intended to communicate FHFA’s supervisory expectations for Fannie Mae and Freddie Mac “to establish and implement risk...
Mortgage
FHA proposes changes to lender requirements for review of appraisal requests
This draft also proposes updated appraisal review standards intended to provide mortgagees and appraisers with clarifying guidance regarding the quality...
Fannie, Freddie announce Libor transition plans
Fannie Mae and Freddie Mac today announced plans to transition legacy Libor loans and securities to the Secured Overnight Financing...
FHFA: Fannie, Freddie sold 155,034 nonperforming loans since 2014
Fannie Mae and Freddie Mac have sold 155,034 nonperforming loans as of June 30, with a total unpaid balance of...
Fannie Mae housing survey: Buyers aren’t getting multiple mortgage quotes
Of those who received multiple quotes, interest rate and monthly payment were the leading items homebuyers compared.
ABA, trade groups call for formal HMDA guidance
Lenders need assurances regarding legal and examination risk plus time for lenders to install or refine HMDA systems and achieve...
Mortgage Metrics Report: Share of performing mortgages rises in Q3
The share of current and performing first-lien mortgages in the third quarter of 2022 was 97.2%, up from 95.6% a...
FHFA finalizes updated multifamily housing goals for Fannie, Freddie
The goals use the new percentage-based methodology outlined in the proposed rule issued this summer.
CFPB: Enforcing new closed-end mortgage HMDA rules not currently high-priority
CFPB said banks may need time to implement or adjust policies, procedures, systems and operations to comply with reporting obligations.
ABA: Flexibility key to expanding mortgage refinances, streamlined loss mitigation
If regulators want to expand the number of consumers who can take advantage of mortgage refinances, then focusing on expanding...
