Fed survey: Lending standards tightened in Q4 2022
Lending standards for most business and consumer loans tightened during the fourth quarter of 2022, with weaker demand reported in...
Mortgage
OCC announces loan origination threshold changes
The OCC this week issued a bulletin to inform banks and examiners that the loan origination threshold for reporting Home...
Chopra questions home appraisal regulation regime
Consumer Financial Protection Bureau Director Rohit Chopra this week questioned the appropriateness of having an independent nonprofit set home appraisal...
FHFA reduces commingled securities fee after outcry
Fannie Mae and Freddie Mac will reduce the upfront fee for commingled securities to 9.375 basis points starting April 1,...
CFPB suggests mortgage servicers continue offering COVID-related relief in nonpandemic situations
The agency expects servicers to continuing using 'all the tools at their disposal' to keep consumers in their homes.
ABA, industry groups push for veterans home loan program reforms
In a letter this week, the American Bankers Association and 18 industry and advocacy groups urged the Veteran’s Administration to...
FHFA issues guidance on mortgage servicing rights for managing counterparty credit risk
The notice is intended to communicate FHFA’s supervisory expectations for Fannie Mae and Freddie Mac “to establish and implement risk...
FHA proposes changes to lender requirements for review of appraisal requests
This draft also proposes updated appraisal review standards intended to provide mortgagees and appraisers with clarifying guidance regarding the quality...
Fannie, Freddie announce Libor transition plans
Fannie Mae and Freddie Mac today announced plans to transition legacy Libor loans and securities to the Secured Overnight Financing...
FHFA: Fannie, Freddie sold 155,034 nonperforming loans since 2014
Fannie Mae and Freddie Mac have sold 155,034 nonperforming loans as of June 30, with a total unpaid balance of...
