FHFA to Require Fannie, Freddie to Submit Annual Capital Plans
The Federal Housing Finance Agency today issued a proposed rule requiring Fannie Mae and Freddie Mac to submit annual capital plans and provide prior notice for certain capital actions.
Browsing: Mortgage
Regulators Signal No Changes to QRM Definition
The FDIC board yesterday determined that no changes will be made to the definition of “qualified residential mortgage” and related provisions of the credit risk retention rule, as recommended by ABA and other financial trade groups.
OCC: Mortgage Performance Improves in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2021 was 95.6%, up from 92.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.
CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and June of 2021.
ABA, Trade Groups Push for FHA Roadmap on Replacing Libor
The American Bankers Association and a coalition of trade groups today—in response to an advanced notice of proposed rulemaking by the Department of Housing and Urban Development—asked the Federal Housing Administration to issue a clear roadmap for servicers of FHA-insured adjustable-rate mortgages as the agency transitions from Libor to alternative reference rates.
ABA Urges FHFA to Refine Proposed Amendments to GSE Capital Framework
In a comment letter today, the American Bankers Association urged the Federal Housing Finance Agency to further refine proposed amendments to the capital framework for Fannie Mae and Freddie Mac relating to the prescribed leverage buffer amount and credit risk transfers.
FHFA: Fannie, Freddie Sold More than 130,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 130,808 nonperforming loans as of June 30, with a total unpaid balance of $24.5 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency.
FHFA Sets 2022 Performance Goals for Fannie, Freddie
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2022 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, Common Securitization Solutions.
CFPB Issues RFI on HMDA Rules
The CFPB today announced that it will undertake a review of its rules implementing the 2015 changes to the Home Mortgage Disclosure Act regulations.
FHFA Issues 2021 Performance, Accountability Report
The Federal Housing Finance Agency today released its annual performance and accountability report for 2021