CFPB Clarifies ‘Flexibility’ in Third-Party Risk Management
The Consumer Financial Protection Bureau today issued an update to its guidance on risk management for third-party service providers.
Mortgage
IRS to Issue Guidance on Modified Loan Interest Ambiguity
The IRS has informed ABA that it will conduct a formal process to issue guidance on whether and how to...
FHFA: GSEs Fall Short of Low-Income Housing Goals
The Federal Housing Finance Agency in its Annual Housing Report today said that both Fannie Mae and Freddie Mac failed...
FHA Eases Condominium Financing Rules
The Federal Housing Administration today lowered its owner-occupancy requirement for condominium financing, effective immediately.
Cordray Urges Banks to Review Complaints in CFPB Database
Consumer Financial Protection Bureau Director Richard Cordray today said he “urged” all bankers to review and analyze complaints in the...
Agencies Issue Appraisal Exception in Flood-Struck Louisiana Areas
The FDIC, Federal Reserve, OCC and National Credit Union Administration today announced an exception to regulatory real estate appraisal requirements...
Watt Outlines Focus Areas for GSEs in 2017
Providing greater access to credit and affordable housing, supporting underserved markets and addressing language access issues will be key focus...
Private Flood Insurance Proposal Aims to Ease Compliance
The FDIC, OCC, Federal Reserve, Farm Credit Administration and National Credit Union Administration today issued a proposed rule implementing the...
ABA Comments on Proposed TRID Revisions
In a joint comment letter with the Consumer Bankers Association yesterday, ABA responded to a proposal by the Consumer Financial...
