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...
Mortgage
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...
Four Social Media Strategies for Bank Loan Officers During COVID-19
When loan officers use social media to educate, clear up confusion and offer guidance, they can be a source for...
Mortgage Forbearance in the Age of COVID-19
COVID-19 forbearance programs—and the rules, regulations and requirements that govern them—present a host of new and unique compliance challenges for...
HUD Finalizes Rule to Align ‘Disparate Impact’ Rule with Court Ruling
The Department of Housing and Urban Development today finalized its revised standard for bringing “disparate impact” claims under the Fair...
Can a Bank Lose its Small Servicer Exemption if it Originates Mortgage Loans That It Sells But Still Services?
…and other answers to your compliance questions in the September/October 2020 ABA Regulatory Policy and Compliance Inbox.
CFPB: About 6% of Mortgage Borrowers Receiving Coronavirus Relief
Around 6% of outstanding first-lien mortgages in June 2020 were reporting zero payment due based on credit bureau data, up...
ABA: GSE Capital Re-Proposal Raises New Concerns
While noting that the Federal Housing Finance Agency’s re-proposed regulatory capital framework for Fannie Mae and Freddie Mac addresses concerns...
