Flood Insurance Rule on Escrow, Detached Structures, LPI Finalized
The federal financial agencies today finalized a rule implementing the mandatory escrow and detached structure requirements in last year’s Homeowner...
Mortgage
Mortgage Rates Take Downward Turn
The rate for a 30-year fixed-rate mortgage averaged 4 percent this week, down from last week’s 4.04 percent, Freddie Mac...
CFPB to Delay TRID Effective Date to Oct. 1
Consumer Financial Protection Bureau Director Richard Cordray announced today that the bureau is proposing to push back the effective date...
OCC Updates Guidance on Residential Real Estate
The OCC today updated its Comptroller’s Handbook guidance on residential mortgages, replacing previous guidance and exam procedures issued in 1990,...
FHA Issues Guidance on Assigning Reverse Mortgages
The Federal Housing Administration on Friday announced relief for spouses of reverse mortgage borrowers who wish to remain in their...
Expanding Portfolio Loans Helps Americans Achieve Housing Dreams
For American Housing Month, Frank Keating explains how.
Weekly Infobyte: Servicing after the CFPB Mortgage Rules
Since the CFPB's mortgage rules took effect, more banks are exiting servicing.
ABA Launches Free Course on TRID Compliance
ABA has added a new online course on the TILA-RESPA integrated disclosures to its free Frontline Compliance Training program. Since...
ABA Urges Passage of Bill Creating TRID ‘Hold Harmless’ Period
ABA and several other trade groups yesterday urged the House Financial Services Committee to advance H.R. 2213, a bipartisan bill...
