If regulators want to expand the number of consumers who can take advantage of mortgage refinances, then focusing on expanding consumer education and providing banks more flexibility in their offerings would be a better approach than pushing new products such as “auto-refi” loans, the American Bankers Association and Consumer Bankers Association said today in a joint letter to the Consumer Financial Protection Bureau.
One in three Gen Z adults—those age 18 to 25—say that owning a home seems out of reach for them financially, according to a new survey fielded by Freddie Mac.
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
The Federal Housing Finance Agency today announced the approval of the FICO 10T and the VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac.
Ginnie Mae announced Friday it has pushed back the implementation date of the risk-based capital requirement from next year to Dec. 31, 2024.
Racial bias has played “a limited role” in recent years in generating disparities seen in mortgage lending denials, according to a recent study published by the Federal Reserve.
A federal judge recently moved to vacate CFPB regulations that expanded the number of small-volume lenders deemed exempt from Home Mortgage Disclosure Act reporting requirements. I
In its new policy, FHA considers positive rental payment history as the on-time payment of all rental payments in the previous 12 months.
The performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022, according to an OCC report issued today.