Fed Survey: Coronavirus Pandemic Weakens Demand for CRE, Consumer Debt
Demand for commercial and industrial loans was mixed in the first quarter, as the COVID-19 outbreak was beginning to strike...
Mortgage
GSEs Create Tools to Help Renters Determine Eviction Protections
Fannie Mae and Freddie Mac today unveiled online tools that renters can use to determine if they are protected from...
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a...
FHFA’s Calabria Rebuts Claims about Lump Sum Payments for Borrowers Exiting Forbearance
In response to recent concerns raised about the repayment terms for mortgages backed by Fannie Mae or Freddie Mac that...
The CRA-Inspired COVID-19 Response
Compliance officers and CRA professionals can leverage the powerful resources in banks across the country to make an impact both...
CFPB Issues Guidance on Residential Mortgage Transfers
The Consumer Financial Protection bureau on Friday issued guidance for transferring mortgage servicing rights to a servicer or sub-servicer.
CEO Q&A: Opportunity Rising in the Midwest
After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings...
When Can I Pull A Credit Report on an Existing Loan Customer?
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
FHFA to Purchase Qualified Loans in Forbearance
In a significant move today, the Federal Housing Finance Agency announced that it will purchase qualified single-family mortgages in forbearance...
FHFA to Limit Servicers’ Payment Advancement Obligations to MBS Investors Due to Pandemic
In a move to support mortgage markets today, the Federal Housing Finance Agency announced that it will limit servicers’ obligations...
