To continue providing support to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance Agency said it would extend until Aug. 31 certain previously announced loan processing flexibilities.
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.
The Consumer Financial Protection Bureau today proposed to exempt certain higher-priced mortgage loans from a requirement under Regulation Z to establish escrow accounts for those loans, as required by the S. 2155 regulatory reform law.
Based in San Francisco and leading California’s market for the Bank of Guam, plus currently serving as chairman of the Western Bankers Association, Dave Joves shares a trans-Pacific view of banking on the latest episode of the ABA Banking Journal Podcast.
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will extend forbearance agreements for multifamily property owners with enterprise-backed mortgages for up to three months, for a total forbearance of up to six months.
The banking agencies today released several new interagency questions and answers on flood insurance compliance, as well as a major reorganization of and certain revisions to pre-existing Q&As.
The OCC is planning to unveil what Acting Comptroller Brian Brooks called “payments charter 1.0” as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.
The Federal Financial Institutions Examination Council today released the 2019 Home Mortgage Disclosure Act data on mortgage lending transactions at 5,508 financial institutions.
The Consumer Financial Protection Bureau today granted flexibility under Regulation X for servicers to offer deferral options to borrowers as they transition from forbearances for financial hardships due to the coronavirus pandemic.
As the Federal Housing Finance Agency weighs a rulemaking process on Federal Home Loan Bank membership eligibility, the American Bankers Association provided the banking industry’s perspective on potential changes and how they might affect the FHLB system.