The OCC’s Community Developments Investments newsletter published today focuses on how banks can provide sustainable loan modifications and help reduce foreclosures.
ABA today issued a bank members-only staff analysis of the Federal Housing Administration’s proposed rule limiting the window under which an FHA-approved lender would be able to file a mortgage insurance claim.
The Federal Housing Administration yesterday proposed a rule that would limit the window under which an FHA-approved lender would be able to file a mortgage insurance claim.
The percentage of mortgages that were current and performing at the end of the first quarter reached 94.2, up from 93.2 percent at the end of 2014 and up from 93.1 percent a year before, according to the Mortgage Metrics Report released today by the OCC.
The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have found related to mortgage origination and servicing, fair lending and debt collection, among other topics.
Fifteen Democratic senators today asked the federal financial regulators to look into allegations that financial institutions and the housing GSEs do less to maintain foreclosed homes in minority-dominated neighborhoods than in predominantly white communities.
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell 9 percent in the first quarter, following a 3 percent drop in the fourth quarter of 2014, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.