We should think twice about creating a regulatory framework that drives business away from the brightly lit world of highly regulated banks and into the shadows of private credit.
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial risk to consumers.
Appraisers and their state regulators are in the best position to limit bias in the appraisal process as banks are not well-positioned to detect such bias, ABA VP Sharon Whitaker told the federal Appraisal Subcommittee.
Fannie Mae and Freddie Mac will extend their representation and warrant policies for loans affected by natural disasters to also cover mortgages that have successfully exited a COVID-19 forbearance plan, the Federal Housing Finance Agency Director Sandra Thompson announced.
Fannie Mae and Freddie Mac have sold 163,297 nonperforming loans, with a total unpaid balance of $30 billion, from program inception in 2014 through Dec. 31, 2022.
ABA and three associations said they support the reasoning behind a proposed rule change to end the requirement for Federal Housing Administration-insured mortgage servicers to conduct in-person meetings with borrowers who are in default on their mortgage payments.
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.