FDIC Clarifies Expectations for Abandoned Foreclosures
The FDIC today clarified its expectations for banks when discontinuing foreclosure proceedings.
Mortgage
CFPB Sets Up ABA-Advocated Rural Designation Appeal Process
The Consumer Financial Protection Bureau today issued a final rule establishing a process by which a businesses and individuals can...
Survey: Since TRID, Longer Processing Time, Fewer Product Offerings
More than three-quarters of bankers surveyed say that they have experienced delays in loan closings as a result of the...
Arbitration, Overdraft, Mortgages, Business Loans on CFPB Radar
Arbitration, mortgages, small business lending and small-dollar loans are among the Consumer Financial Protection Bureau’s policy priorities over the next...
Freddie Mac Profits Rose in the Fourth Quarter
Freddie Mac today reported a $2.15 billion profit for the fourth quarter of 2015, following a $475 million loss in...
Fixed Mortgage Rates Remain Unchanged
The rate for a 30-year fixed-rate mortgage held steady at 3.65 percent this week, unchanged from the week prior, Freddie...
Comments Invited on Rural Area Designation Application Proposal
The Consumer Financial Protection Bureau today invited comments on new agency procedures by which businesses can appeal the CFPB’s designation...
CFPB Corrects Disruptive Typo in TRID Rule
The Consumer Financial Protection Bureau yesterday issued a correction of a typo in the TILA-RESPA integrated disclosures.
Curry: OCC to Issue Guidance on Higher LTV Lending
The OCC will issue guidance in the coming months on managing risk for higher loan-to-value lending in communities targeted for...
GSEs Launch Dispute Resolution Process for Loan Repurchases
Fannie Mae and Freddie Mac today announced a new independent dispute resolution process for conflicts over mortgages that the housing...
