OCC: Mortgage Performance Improved in Q1
The share of current and performing first-lien mortgages in the first quarter of 2019 was 96.2%, up from 95.8% a...
Mortgage
OCC Rescinds Guidance, Issues ‘Core Principles’ on Higher-LTV Loan Programs
Acknowledging banks’ innovative efforts to meet the credit needs of residents in distressed communities, the OCC today rescinded 2017 guidance...
Podcast: A $4 Billion Bank’s Nationwide Affordable Housing Strategy
As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael...
FHFA: GSEs Have Sold More Than 117,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 117,466 nonperforming loans as of December 31, 2018, with a total unpaid balance...
FHFA Director Flags Risk from Nonbank Mortgage Lenders
Almost 50% of all mortgage originations sold to Fannie Mae or Freddie Mac last year came from non-depository institutions, FHFA...
ABA Supports Proposed Changes to HMDA Reporting Thresholds
In a comment letter to the Consumer Financial Protection Bureau this week, ABA expressed support for a recent proposal to...
Calabria Urges Congress to Expand FHFA’s Authority
In a preface to the Federal Housing Finance Agency’s annual report to Congress today, Director Mark Calabria once again urged...
Trade Groups Offer Feedback on Proposed Changes to FHA Lender Certification Requirements
The American Bankers Association joined three other financial and housing trade organizations last week in a comment letter to the...
Waters to Prioritize Affordability in Long-Term NFIP Renewal
As House Financial Services Committee members continue preparing a much-anticipated long-term reauthorization of the National Flood Insurance Program, Chairwoman Maxine...
GSEs Launch Uniform Security
Fannie Mae and Freddie Mac today officially launched the Uniform Mortgage-Backed Security, which will replace the current TBA-eligible MBS issued...
