ABA supports FHA’s proposed 40-year mortgage modification
By significantly lowering the monthly payments for the borrower, more homeowners would have the ability to retain their homes after...
Mortgage
FHFA finalizes additional public disclosure requirements for Fannie, Freddie
The Federal Housing Finance Agency today finalized additional public disclosure requirements for Fannie Mae and Freddie Mac.
ABA recommends reauthorizing NFIP on a five-year basis
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.
CFPB report analyzes servicer data on borrowers exiting COVID forbearance
Just 0.2% of mortgage loans exited COVID-19 forbearance programs with a status of foreclosure, short sale or deed in lieu,...
Financial trades urge FHFA to engage with industry on credit scoring proposal
As the Federal Housing Finance Agency considers how to transition to a new credit score model or models—as required by...
Household debt ticks up slightly in Q1
Total household debt increased by 1.7% to $15.84 trillion in the first quarter of this year, the Federal Reserve Bank...
Fed survey: business lending standards largely unchanged amid rising demand
Lending standards for business loans remained largely unchanged in the first quarter of 2022, according to the Federal Reserve’s senior...
Six top concerns for mortgage bankers
These challenges will affect all markets, but will have local distinctions that will be important for market participants to understand...
ABA comments on FHFA’s re-proposed eligibility standards for enterprise single-family seller/servicers
In a letter to FHFA, ABA commented on the re-proposed update to standards that mortgage lenders would have to meet...
FHFA to make Supplemental Consumer Information Form mandatory
Fannie Mae and Freddie Mac will now require lenders to use the Supplemental Consumer Information Form, which collects information about...
