ABA Survey: QM Lending Dipped in 2015
The percentage of Qualified Mortgages originated by banks declined in 2015, falling to 86 percent from 90 percent in 2014,...
Mortgage
FHFA Announces Principal Reduction Plan
Borrowers who are seriously delinquent on loans owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for...
ABA Recommends Changes to Proposed FHFA Rule
In a comment letter to the Federal Housing Finance Agency yesterday, the American Bankers Association encouraged FHFA to add greater...
FinCEN Chief Digs Into Cash Real Estate Targeting Orders
Financial Crimes Enforcement Network Director Jennifer Shasky Calvery today shed light on FinCEN’s recently issued Geographic Targeting Orders aimed at...
GAO: Regulatory Framework around Nonbank Servicers Could Be Stronger
The current regulatory framework could be strengthened to give the Federal Housing Finance Agency and others greater supervisory authority over...
ABA Responds to Congressional Inquiries about TRID
The American Bankers Association today responded to inquiries from House Financial Services Committee members about the effects of the TILA-RESPA...
Survey: Homebuyers Focused on Long-Term Goals, Not Starter Homes
Most first-time homebuyers are approaching homeownership with a long-term mindset, according to Bank of America’s first-ever Homebuyer Insights Report released...
Consumer Delinquencies Fall Sharply in Fourth Quarter
Delinquencies in closed-end loans fell sharply in the fourth quarter of 2015 as home values steadily increased, according to the...
CFPB Updates Compliance Guides to Reflect Rural/Underserved Rule
The Consumer Financial Protection Bureau has updated certain compliance guides related to Regulation Z to reflect last week’s rule broadening...
