Browsing: Newsbytes

Mortgage

The American Bankers Association joined the Housing Policy Council and the Mortgage Bankers Association in a comment letter to the Department of Housing and Urban Development last week offering feedback on recent proposed changes to the servicing section of the Federal Housing Administration Single-Family Housing Policy Handbook.

Economy

Americans’ expectations for how much more they will spend in the next year held steady at 3.0% in August from the prior month, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released today.

Compliance and Risk

The American Bankers Association joined a coalition of trade associations today in filing a friend-of-the-court brief urging the Supreme Court to interpret the Telephone Consumer Protection Act to ensure that customers can receive important communications from their banks and other companies with whom they do business.

Commercial Lending

The Securities and Exchange Commission today informed ABA that it does not object to the association’s conclusion that Main Street Lending Program transactions meet the legal isolation criteria necessary for sale accounting treatment under U.S. generally accepted accounting principles.

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