FHFA’s Calabria Rebuts Claims about Lump Sum Payments for Borrowers Exiting Forbearance
In response to recent concerns raised about the repayment terms for mortgages backed by Fannie Mae or Freddie Mac that...
Mortgage
The CRA-Inspired COVID-19 Response
Compliance officers and CRA professionals can leverage the powerful resources in banks across the country to make an impact both...
CFPB Issues Guidance on Residential Mortgage Transfers
The Consumer Financial Protection bureau on Friday issued guidance for transferring mortgage servicing rights to a servicer or sub-servicer.
CEO Q&A: Opportunity Rising in the Midwest
After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings...
When Can I Pull A Credit Report on an Existing Loan Customer?
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
FHFA to Purchase Qualified Loans in Forbearance
In a significant move today, the Federal Housing Finance Agency announced that it will purchase qualified single-family mortgages in forbearance...
FHFA to Limit Servicers’ Payment Advancement Obligations to MBS Investors Due to Pandemic
In a move to support mortgage markets today, the Federal Housing Finance Agency announced that it will limit servicers’ obligations...
CFPB Permanently Raises HMDA Reporting Thresholds
In a final rule issued today, the Consumer Financial Protection Bureau raised the reporting thresholds for banks reporting data under...
FHFA, CFPB Announce Information Sharing to Facilitate COVID-19 Mortgage Relief
To support the effort to provide relief to mortgage borrowers struggling due to the coronavirus, the Federal Housing Finance Agency...
Agencies to Temporarily Defer Appraisals, Evaluations for Real Estate Transactions
The federal banking agencies issued an interim final rule this evening allowing financial institutions to temporarily defer appraisals and evaluations...
