Agencies propose guidance to address reconsiderations of value for residential real estate transactions
The banking agencies are seeking comment on proposed guidance addressing the reconsiderations of value for residential real estate transactions.
Mortgage
FHA proposes new tool for struggling homeowners
FHA is seeking feedback on a proposal to allow mortgage servicers to use the FHA Partial Claim to both bring...
Thompson: Updated pricing framework doesn’t penalize borrowers with higher credit scores
Thompson emphasized that “under the new pricing framework, borrowers with strong credit profiles are not being penalized to benefit borrowers...
FHFA’s fintech office to host inaugural tech sprint
The program, titled “Velocity: Securing the free and fair flow of data,” will bring together experts and practitioners from the...
ABA, associations request FHFA extend timeframe for credit scoring change
A proposed change in how a borrower’s representative credit score is calculated once Fannie Mae and Freddie Mac migrate from...
ABA seeks mortgage loan originator rule reforms
While well-intentioned, the Truth in Lending Act’s mortgage loan originator rules are extremely complex and continue to cause considerable compliance...
CFPB threatens legal action against time-barred debt collection
A debt collector who brings or threatens to bring a state court foreclosure action to collect a time-barred mortgage debt...
FHLBs: Meeting liquidity needs in all market conditions
The Federal Home Loan Banks play a critical role in market functioning—especially during periods of volatility.
FFIEC issues 2023 guide to HMDA reporting
The Federal Financial Institutions Examination Council’s 2023 Guide to HMDA Reporting is now available for download. The 2023 guide focuses...
Mortgage Metrics Report: Share of performing mortgages rises in Q4
The share of current and performing first-lien mortgages in the fourth quarter of 2022 was 97.1%, up from 96.4% a...
