CFPB Encourages Servicer Participation in Federal Homeowner Assistance Program
In a new blog post this week, the CFPB said it “strongly encourages” servers to participate in programs related to...
Mortgage
FHFA Finalizes Changes to Regulatory Capital Framework for Fannie, Freddie
The Federal Housing Finance Agency today finalized changes to the prescribed leverage buffer amount and the capital treatment of risk...
FHFA Re-Proposes Updated Seller, Servicer Eligibility Requirements
The Federal Housing Finance Agency today re-proposed updated standards that mortgage lenders would have to meet in order to sell...
FHFA Releases Strategic Plan for 2022-2026
The Federal Housing Finance Agency today released a draft of its strategic plan for 2022-2026 for public comment. Comments are...
Household Debt Rises by $333 Billion in Fourth Quarter of 2021
Total household debt increased 2.2% in the fourth quarter of 2021, rising by $333 billion to land at $15.58 trillion,...
Incoming: Flood Insurance Premium Changes from Risk Rating 2.0
Flood insurance providers may begin communicating often substantial rate increases to borrowers this month. Here’s how to prepare for customer...
Fed Survey: Loan Easing Trend Continues in Q4 2021
Banks continued to ease standards on commercial, mortgage and personal loan products amid mixed demand, according to the Federal Reserve’s...
OCC Seeks Feedback on Managing Compliance Risk for Reverse Mortgage Products
The OCC is seeking comments on the renewal of its guidance for managing compliance and reputation risk as it relates...
FDIC Approves Final Rule Simplifying Deposit Insurance for Trust, Mortgage Servicing Accounts
The FDIC today approved a final rule to simplify deposit insurance calculations for revocable trusts, irrevocable trusts and mortgage servicing...
ABA, Trade Groups: HMDA Compliance Costs, Burdens Remain High
As the CFPB undertakes its planned assessment of the 2015 Home Mortgage Disclosure Act regulations and related amendments, the American...
