Mortgage

Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.) and John Boozman (R-Ark.) and Reps. Brad Sherman (D-Calif.) and Ed Royce (R-Calif.)...

Now Is the Time for Banks to Restore HECM to Home Equity Lending

April 4, 2017

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N.Y. Fed: Household Debt to Top Record Later This Year

Economy

U.S. household debt levels are expected to set a new record later this year, according to economists at the Federal...

Two Key Factors to Consider in the Updated Servicing Rules

Handling successors in interest and periodic statements for borrowers in bankruptcy can create compliance headaches.

Cordray Previews Regulatory Review

As it kicks off its five-year retrospective review of the Dodd-Frank remittance and mortgage rules, the Consumer Financial Protection Bureau...

ABA Survey: Non-QM Lending Fell in 2016 as Banks Grapple with Reg Burden

March 30, 2017

An overwhelming 95 percent of bankers agreed that regulation has had a negative impact on business production and consumer credit...

FHFA Releases Fannie, Freddie Progress Report

March 29, 2017

The Federal Housing Finance Agency today released a progress report on its goals for Fannie Mae and Freddie Mac while...

New Mortgage Servicing Guide Helps Bankers Navigate Compliance Changes

The CFPB’s recent mortgage servicing rules are the latest addition to the thousands of pages of servicing regulations. To help...

Fannie, Freddie Transfer $49 Billion in Credit Risk Through 2016

Since the Federal Housing Finance Agency launched a credit risk transfer program for GSEs Fannie Mae and Freddie Mac in...

ABA Community Bank Mortgage LLC Announces Agreement with PennyMac