Mortgage

Fed Survey: Tighter Credit Environment Dings Auto Loan Market

Bankers continued tightening credit for business loans and auto loans in the last three months while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

Read More »

CFPB Proposes Amendments to TRID Rule

The Consumer Financial Protection Bureau today proposed certain changes to the TILA-RESPA integrated disclosures, including some advocated by ABA to improve the ability of lenders to comply with TRID and avoid unnecessary constrictions of mortgage credit.

Read More »

FinCEN Expands Scope of Geographic Targeting Orders

The Financial Crimes Enforcement Network today expanded the scope of its Geographic Targeting Orders temporarily requiring certain U.S. title insurance companies in targeted areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.

Read More »

Study: Community Banks Persist in Mortgage Servicing

Community financial institutions have expanded their share of the mortgage servicing market since 2008, even as new servicing rules and the Basel III capital treatment of mortgage service rights have made servicing home loans more expensive, according to a study released yesterday by the Government Accountability Office.

Read More »

Agencies Issue New Guidance on PACE Loans

As the Obama administration today announced the Clean Energy Savings for All Initiative -- a cross-government partnership aimed at promoting energy efficiency and increasing access to solar energy, particularly for low- and moderate-income families -- several agencies released new guidance on Property-Assessed Clean Energy loans.

Read More »

FHFA Listens to Industry Concerns on URLA

ABA staff yesterday participated in a meeting with senior Federal Housing Finance Agency officials and other industry representatives on FHFA’s proposal to include a “language preference” question on the revised Uniform Residential Loan Application.

Read More »