FHFA Announces Additional Extension of COVID-19 Flexibilities
To continue providing support to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance Agency announced that it would...
Mortgage
OCC: Mortgage Performance Declines Amid Pandemic
The share of current and performing first-lien mortgages in the second quarter of 2020 was 91.1%, down from 96.1% a...
ABA Backs CFPB Proposal on Escrow Requirements for HPMLs
The American Bankers Association today welcomed the Consumer Financial Protection Bureau’s proposal to exempt certain higher-priced mortgage loans from escrow...
FHFA Establishes GSE Strategic Goals for 2021-2024
The Federal Housing Finance Agency today issued its strategic plan for 2021-2024.
Report: Mortgage Market Strong Heading Into COVID-19 Pandemic
The mortgage market was “stable and robust” in the lead up to the coronavirus outbreak in the U.S., according to...
FHFA’s Calabria: GSEs Need a Way to Recover Costs for COVID-19 Relief Programs
Fannie Mae and Freddie Mac may be facing insolvency if they are not able to recoup some of the costs associated with...
ABA, Trade Groups Weigh in on Proposed Changes to FHA Servicing Handbook
The American Bankers Association joined the Housing Policy Council and the Mortgage Bankers Association in a comment letter to the...
HUD Issues Guidelines for Underwriting FHA Loans to Borrowers with Forbearances
The Department of Housing and Urban Development last week issued underwriting guidelines for borrowers who have been previously granted forbearance...
ABA Data Bank: Americans’ Positive or Neutral Views of Banking at Post-Financial Crisis High
In a recent Gallup poll, 46% rated the banking industry positively and just 21% rated it negatively—the lowest level since...
ABA Supports Proposed Qualified Mortgage Rule Changes
In a comment letter to the CFPB yesterday, the American Bankers Association offered support for recent proposals that would make...
