FHFA Proposes Additional Public Disclosure Requirements for Fannie, Freddie
The Federal Housing Finance Agency today proposed additional public disclosure requirements for Fannie Mae and Freddie Mac.
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Three Steps to Increasing Mortgage Sales
Mortgage loan officers can leverage social media marketing to build better customer relationships.
FHFA Expands Measures to Add Appraisal Flexibilities, Help LMI Refinances
The Federal Housing Finance Agency announced plans to expand refinance programs introduced last spring for low- to moderate-income borrowers.
FHFA to Increase Multifamily Loan Caps for GSEs
The Federal Housing Finance Agency announced today that it will raise Fannie Mae and Freddie Mac’s 2022 caps for multifamily lending to $78 billion for each GSE—up from $70 billion in 2021—for a combined total of $156 billion.
ABA Supports Changes to Eligibility Requirements for Single Family MBS Issuers
The American Bankers Association today wrote to Ginnie Mae in response to a recent request for input on eligibility requirements for single-family mortgage-backed securities issuers.
HUD Seeks Input on Libor Transition for ARMs
With certain tenors of Libor set to cease publication in December—and with the majority of adjustable rate mortgages insured by the Federal Housing Administration based on Libor—the Department of Housing and Urban Development is seeking feedback on how it can transition away from Libor to an alternative rate.
ABA Urges FDIC to Modify Proposed Deposit Insurance Rules for Trust, Mortgage Servicing Accounts
The American Bankers Association and two other banking trade groups urged the FDIC yesterday to address concerns about proposed changes to regulations regarding deposit insurance rules for revocable trusts, irrevocable trusts and mortgage servicing accounts.
The Increasingly Hot Topic of Climate Change: What Compliance Officers Need to Know
Climate change is a big issue, but compliance officers are adept at issue management. Start with root cause analysis.
OCC: Mortgage Performance Improves in Second Quarter
The share of current and performing first-lien mortgages in the second quarter of 2021 was 95%, up from 91.1% a year ago, the first full quarter of the COVID-19 pandemic, according to the Mortgage Metrics Report released by the OCC today.
Freddie Mac Clarifies Group Home Mortgage Purchase Policies
Following misunderstanding about Freddie Mac’s rules for purchasing mortgages secured by group homes, the Department of Housing and Urban Development and the Federal Housing Finance Agency released a policy clarification.