ABA Urges CFPB to Provide Guidance on Last-Minute Holiday’s Effects on Mortgage Closing
Despite urgent requests from ABA and others, the Consumer Financial Protection Bureau has thus far indicated to ABA staff that...
Mortgage
What’s Driving the Hottest CRE Markets: Housing, Housing, Housing
With post-pandemic effects hindering many traditional CRE markets, developers are turning to multifamily housing to meet demand.
Agencies Release 2020 HMDA Data
The Federal Financial Institutions Examination Council today released the 2020 Home Mortgage Disclosure Act data on mortgage lending transactions at...
FDIC: Banks Continued Residential Mortgage Lending amid Economic Uncertainty
Amid ongoing pandemic-related economic uncertainties, the nation’s banks maintained the flow of credit by continuing to make residential mortgage loans,...
FHFA Calls on Congress for Authority to Examine Third-Party Service Providers
In the Federal Housing Finance Agency’s annual report to Congress, the agency requested the authority to examine third-party service providers...
ABA, Groups Urge Regulators to Maintain QRM, QM Alignment
As the federal banking agencies undertake a mandated review of the “qualified residential mortgage” definition and related provisions of the...
Freddie Announces New Cap for Purchase of Certain Single-Family Homes
Freddie Mac today announced plans to cap its purchase of single-family mortgages secured by investment properties and second homes to...
VA Finalizes Rule on Partial Claim Program after Industry Advocacy
The Department of Veterans Affairs last week finalized a rule establishing a new COVID-19 Veterans Assistance Partial Claim Payment Program.
A Hand Up with a Down Payment
Banks help first-time borrowers tackle the high cost of homeownership.
CFPB Report Examines Manufactured Housing Loan Applications
Approval rates for manufactured housing and chattel loans lagged behind those for site-built homes, according to a new report released...
