Avoiding Fraudulent Transfer Claims from Loan Workouts
Here are five actions banks can take to stay out of trouble.
Browsing: Mortgage
FHFA to Require Race-Conscious Housing Plans from Fannie Mae, Freddie Mac
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will be required to submit annual “equitable housing finance plans” by the end of the year.
Are Mobile Homes ‘Permanent’ Under Federal Flood Regulations?
Questions and answers from the July/August 2021 ABA Regulatory Policy and Compliance Inbox.
Supreme Court Invalidates CDC Eviction Moratorium
The Supreme Court yesterday invalidated the Centers for Disease Control and Prevention’s new eviction moratorium, ruling that those challenging the moratorium are “virtually certain to succeed on the merits of their argument that the CDC has exceeded its authority.”
FHFA Updates Guidelines for Adverse Classification of Assets at GSEs, FHLBs
The Federal Housing Finance Agency today updated its guidelines for adverse and non-adverse classification of assets at Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
CFPB: Closed-End Mortgage Loans Increased in 2020
Closed-end mortgage originations increased 65.2% in 2020, driven primarily by an increase in mortgage refinance loans, according to a new review of Home Mortgage Disclosure Act data released by the Consumer Financial Protection Bureau today.
FHFA Proposes Changes to Fannie, Freddie Housing Goals
The Federal Housing Finance Agency today proposed changes to Fannie Mae and Freddie Mac’s affordable housing goals for the 2022-2024 period.
HUD, FHFA Enter Into MOU on Fair Housing, Fair Lending
The Department of Housing and Urban Development and the Federal Housing Finance Agency today announced a memorandum of understanding regarding fair housing and fair lending coordination.
Fannie Mae to Include Rental Payment History in Underwriting
To help expand access to credit for borrowers with limited credit histories, the Federal Housing Finance Agency today announced that beginning next month, Fannie Mae will consider rental payment history in its underwriting decision-making process.
CFPB Issues Report on Mortgage Servicing During COVID-19
The Consumer Financial Protection Bureau today released a report highlighting data collected from 16 bank and non-bank mortgage servicers between Dec. 2020 and April 2021.