CFPB Extends Mandatory Compliance Date for QM Rule; GSE Patch Remains in Effect
As expected, the Consumer Financial Protection Bureau today proposed to delay the mandatory compliance date of the General Qualified Mortgage...
Mortgage
CFPB Nominee Has ‘Open Mind’ About Potential QM Rule Changes
At his confirmation hearing to serve as the next director of the Consumer Financial Protection Bureau today, Rohit Chopra told...
CFPB Report: Share of Delinquent Mortgages Doubles During Pandemic
The number of homeowners that are behind on their mortgage has doubled since the beginning of the pandemic, with 6%...
ABA Offers Feedback on Potential Changes to GSE Housing Goals
In a letter to the Federal Housing Finance Agency today, the American Bankers Association cautioned against using housing goals for...
ABA Supports Appraisal Modernization for Fannie, Freddie
The American Bankers Association today offered feedback to the Federal Housing Finance Agency on appraisal-related policies and practices for Fannie...
FHFA Extends Foreclosure, Eviction Moratoriums Through June 30
The Federal Housing Finance Agency announced yesterday that it would extend through March 31, a moratorium on foreclosures and real...
Here Is Why the Housing Market Is Booming—Despite a Global Pandemic
The housing market has been a relative bright spot in an otherwise highly disrupted economy.
CFPB Issues Statement on QM Rule Compliance Deadlines
As the Consumer Financial Protection Bureau considers whether to revisit its recent final rules regarding the definition of Qualified Mortgage...
Biden Administration Extends Foreclosure Moratorium, Mortgage Forbearance
To help provide relief to many homeowners currently in forbearance due to COVID-19, President Biden today announced an extension of...
FHFA Sets 2021 Performance Goals for Fannie, Freddie
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2021 performance of Fannie Mae,...
