The American Bankers Association submitted comments to the Conference of State Bank Supervisors last week urging that state regulators align prudential standards for nonbank mortgage servicers with those of the federal banking agencies.
The COVID-19 pandemic had a significant effect on credit markets throughout 2020, with credit application and acceptance rates falling after February, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.
The share of current and performing first-lien mortgages in the third quarter of 2020 was 92.5%, down from 96.4% a year ago, according to the Mortgage Metrics Report released by the OCC today.
The share of current and performing first-lien mortgages in the third quarter of 2020 was 92.5%, down from 96.4% a year ago, according to the Mortgage Metrics Report released by the OCC today.
The Federal Housing Finance Agency yesterday announced Fannie Mae and Freddie Mac’s 2021 affordable housing goals would remain the same as during the 2018-2020 period.
The American Bankers Association and several housing industry groups urged the Department of Treasury yesterday to ensure that reforms for Fannie Mae and Freddie Mac are locked in before conservatorship ends for the government sponsored enterprises.
Federal Reserve Governor Michelle Bowman said in a speech today that regulators need to revisit the regulatory framework for nonbank mortgage lenders.
In an important step toward facilitating the exit of Fannie Mae and Freddie Mac from conservatorship, the Federal Housing Finance Agency today finalized its regulatory capital framework for the GSEs.
A new study from Freddie Mac shows that mortgage forbearance has played an important role in helping mortgage borrowers remain in their homes during COVID-19.
The Federal Housing Finance Agency today released its annual performance and accountability report for 2020. The report focused on the agency’s efforts to meet three strategic goals, including: ensuring that the entities it oversees operate in a safe and sound manner, managing Fannie Mae and Freddie Mac’s conservatorships, and fostering liquid, stable and accessible national housing finance markets.