FHFA to Revisit Affordable Housing Goals for FHLBs
After hearing from Federal Home Loan Banks that uncertainty about affordable housing goals is limiting their mortgage purchases from member...
Mortgage
Shelby’s Sweeping Financial Reform Bill Would Advance ABA Goals
Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide...
CFPB Warns Lenders to Consider Section 8 Voucher Income
The Consumer Financial Protection Bureau today issued a bulletin reminding creditors to include income from Section 8 homeownership vouchers when...
FHFA’s Watt Announces Final Extension of HAMP, HARP
Fannie Mae and Freddie Mac will participate in the federal government’s Home Affordable Modification Program and Home Affordable Refinance Program...
CFPB Declines Congressional Appeals for TILA-RESPA Grace Period
In an April 22 letter released today, Consumer Financial Protection Bureau Director Richard Cordray declined congressional appeals to provide a...
Fannie Mae Profits Improve in First Quarter
Fannie Mae today said that it earned net income of $1.9 billion in the first quarter. Like Freddie Mac’s report...
ABA Offers Free Resources for American Housing Month
In celebration of American Housing Month in June, ABA is offering a number of resources to help bankers promote consumer...
ABA-Supported Bill Would Delay Enforcement on TILA-RESPA Disclosures
Reps. Steve Pearce (R-N.M.) and Brad Sherman (D-Calif.) on Friday introduced H.R. 2213, which would provide lenders with a temporary...
CFPB Updates Exam Procedures for TILA-RESPA Integration
The Consumer Financial Protection Bureau today issued a set of revised examination procedures to provide guidance on how it will...
Freddie Mac Profits Improve in First Quarter
Following a weak end to 2014, Freddie Mac today posted improved net income of $524 million in the first quarter...
