The OCC Mortgage Metrics Report showed that 96.9% of mortgages were current and performing at the end of the quarter, compared to 94.2% a year earlier.
ABA has joined the National Housing Conference, a nonpartisan affordable housing advocacy nonprofit with a diverse membership base that includes consumer groups, national and local housing organizations, homebuilders, banks, community development groups, individual stakeholders and others.
Fannie Mae and Freddie Mac today released multiyear plans detailing how they will address systemic barriers faced by Black and Latino homeowners and renters, as required by the Federal Housing Finance Agency.
Just 0.2% of mortgage loans exited COVID-19 forbearance programs with a status of foreclosure, short sale or deed in lieu, according to new metrics published by the CFPB today based on information reported by 16 mortgage servicers that together represent approximately one-third of the residential mortgage market.
As the Federal Housing Finance Agency considers how to transition to a new credit score model or models—as required by the 2018 S. 2155 law—ABA and several other financial trade groups urged FHFA to provide the industry with “additional data, a detailed transition plan that is subject to stakeholder input and ample time for any transition.”
In a new blog post, the CFPB highlighted its resources available to help financial institutions serve their Spanish-speaking customers.
Fannie Mae and Freddie Mac will now require lenders to use the Supplemental Consumer Information Form, which collects information about the borrower’s language preference, if any, as well as information on any homebuyer education or housing counseling the borrower received, the Federal Housing Finance Agency announced.
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
The Federal Housing Finance Agency yesterday outlined how Fannie Mae and Freddie Mac will work to improve the distribution and availability of safe and sound residential mortgage financing in underserved markets between 2022 and 2024.
Economic activity expanded at a moderate pace between February and mid-April, though outlooks for future growth remained uncertain, given current geopolitical and inflation conditions, according to the Federal Reserve’s Beige Book release of the year.