Demand for commercial and industrial loans was mixed in the first quarter, as the COVID-19 outbreak was beginning to strike the U.S. economy, according to the Federal Reserve’s latest survey of senior loan officers today.
Fannie Mae and Freddie Mac today unveiled online tools that renters can use to determine if they are protected from evictions during the coronavirus pandemic.
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a greater ability to exercise their rights to modify or waive certain required waiting periods under the TILA-RESPA integrated disclosures and Regulation Z rescission rules.
In response to recent concerns raised about the repayment terms for mortgages backed by Fannie Mae or Freddie Mac that are in now forbearance due to the coronavirus pandemic, FHFA Director Mark Calabria confirmed today that borrowers will not be required to repay their missed payments in a lump sum at the end of the forbearance period.
Compliance officers and CRA professionals can leverage the powerful resources in banks across the country to make an impact both now and throughout the extended recovery period from this national emergency.
The Consumer Financial Protection bureau on Friday issued guidance for transferring mortgage servicing rights to a servicer or sub-servicer.
After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings to his role and how his bank is reaching underserved communities in the St. Louis area.
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
In a significant move today, the Federal Housing Finance Agency announced that it will purchase qualified single-family mortgages in forbearance in order to support mortgage markets during the coronavirus pandemic.
In a move to support mortgage markets today, the Federal Housing Finance Agency announced that it will limit servicers’ obligations to advance payments to mortgage-backed securities investors to four months.