Browsing: Mortgage

Mortgage

More than 495,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the third quarter, with 25,824 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.

Community Banking

By a bipartisan 255-174 vote, the House today passed H.R. 1210, which would designate all mortgage loans that institutions originate and hold in portfolio as Qualified Mortgages and thus subject to the safe harbor provisions of the Ability-to-Repay Rule.

Compliance and Risk

ABA and 53 state bankers associations today urged Congress to pass legislation (H.R. 1210) that would deem all mortgage loans that institutions originate and hold in portfolio as “qualified mortgages” for purposes of the ability-to-repay rule’s safe harbor provisions. The House is expected to vote on the bill this week. “Portfolio lending is among the

Mortgage

The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.07 percent — the first time since 2008 that the fund has reached the congressionally mandated 2 percent level

Mortgage

Regulatory relief is necessary to help banks better serve customers in West Virginia communities, said Alan Brill, chairman of the West Virginia Bankers Association, in an op-ed in the Charleston Gazette Mail today

Mortgage

ABA, through its Corporation for American Banking subsidiary, has endorsed the D+H’s mortgage loan origination system, MortgagebotLOS, an all-in-one system that supports retail, wholesale and correspondent mortgage lending.

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