Fed study finds ‘limited role’ for racial bias in mortgage lending
Racial bias has played “a limited role” in recent years in generating disparities seen in mortgage lending denials, according to a recent study published by the Federal Reserve.
Browsing: Mortgage
Court overturns HMDA reporting threshold for small entities
A federal judge recently moved to vacate CFPB regulations that expanded the number of small-volume lenders deemed exempt from Home Mortgage Disclosure Act reporting requirements. I
FHFA seeks to amend ‘colonia’ definition for duty to serve regulation
These changes would make activities by Fannie Mae and Freddie Mac in all colonia census tracts eligible for duty to serve credit.
FHA to consider positive rental history in mortgage eligibility
In its new policy, FHA considers positive rental payment history as the on-time payment of all rental payments in the previous 12 months.
FHLBs’ affordable housing funding decreased in 2021
The Federal Home Loan Banks awarded approximately $352.4 million in affordable housing program funds in 2021, a 10% decline from the year before, according to a report released today by the Federal Housing Finance Agency.
CFPB seeks input on refinancing, mortgage products
The agency is exploring ways to improve mortgage refinances for homeowners who would benefit from it, especially for smaller loan balances.
OCC report: Mortgage performance improves in second quarter
The performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022, according to an OCC report issued today.
New online tool collects home mortgage data
The Consumer Financial Protection Bureau today unveiled a new online tool that gives users the ability to view Home Mortgage Disclosure Act mortgage loan data and follow mortgage market trends during the collection year.
FHFA adds to scope of servicers’ fair lending data collection
The data collected will include borrowers’ age, race, ethnicity, gender and language preference, effective March 2023.
Digital lending beyond the status quo
Construction is a manual business—but lending to builders need not involve manual processes.