The OCC released the second quarter Mortgage Metrics Report, which showed that 97.3% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter, compared with 97.6% in Q1.
Rebutting erroneous claims about the FHLBs and the failure of Silicon Valley Bank.
Homeowner equity in the U.S. remains high and the percentage of homeowners with negative equity is at its lowest level in a decade, according to a new analysis by FHFA.
A proposed interagency rule to regulate the quality of algorithmic models used in real estate valuations would likely overburden—and therefore discourage—the very technology it is seeking to regulate, ABA said.
The Federal Housing Administration, Federal Housing Finance Agency and other federal housing agencies have released a list of the various forms of assistance available to homeowners and renters in Hawaii following the Maui wildfires.
The CFPB penalized the nonbank mortgage loan originator and servicer Freedom Mortgage for allegedly providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals.
Given the diversity of the CRE sector, banks should not be painted with the broad brush of urban office space exposures.
The Federal Housing Administration proposed making permanent a pandemic-related rule that waives the Department of Housing and Urban Development’s requirement for mortgagees to meet in person with borrowers who are in default on their mortgage payments.
The proposed rule would authorize the suspension of business between regulated FHFA entities and counterparties found to have committed misconduct in the context of civil enforcement actions or that have committed criminal or civil misconduct in connection with the management or ownership of real property.
ABA, the Mortgage Bankers Association and the National Mortgage Servicing Association cautioned the Federal Housing Administration that a proposed payment supplemental partial claim option “would significantly increase the operational, compliance, liquidity and reputational risk for mortgage servicers, while introducing potential harm to borrowers.”