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...
Mortgage
FHFA: Fannie, Freddie Sold More than 130,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 130,808 nonperforming loans as of Dec. 31, 2020, with a total unpaid balance...
FHFA’s Calabria Defends Bank-Like Resolution Plans for Fannie, Freddie
Ensuring that Fannie Mae and Freddie Mac have bank-like resolution plans in place in the event the Federal Housing Finance...
ABA Calls for Changes to CFPB Proposal to Assist Mortgage Borrowers Affected by COVID-19
The American Bankers Association yesterday offered several changes to a recent proposal by the Consumer Financial Protection Bureau to facilitate...
The Long Shadow
COVID-19 continues to pose significant compliance challenges for mortgage servicers.
FHFA Seeks Input on Eligibility Requirements for Projects with Short-Term Rental Units
The Federal Housing Finance Agency today issued a request for information seeking feedback on Fannie Mae and Freddie Mac’s eligibility...
CFPB Reports Examine Mortgage Loans in Forbearance, Consumer Complaints
A recent analysis of mortgages by the CFPB found that an estimated 4.7% of owner-occupied properties were in forbearance as...
Banks See Rising Demand for Jumbo Mortgages as Broader Credit Market Stabilizes
Rising home prices in many U.S. markets appear to have pushed up demand for—and banks’ offering of—jumbo mortgage loans, according...
Staying One Step Ahead of Credit Risk
Four tips for avoiding commercial real estate defaults as clients emerge from the COVID crisis.
FHFA: GSEs to Offer New Refinance Option for Low-Income Families
To help more borrowers take advantage of historically low mortgage interest rates, the Federal Housing Finance Agency today announced a...
