FHFA to Extend Some Loan Origination Flexibilities
As part of its ongoing effort to provide relief to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance ...
Tag: Mortgage
FHA Updates Single Family Housing Policy Handbook
The Federal Housing Administration this week announced updates to its Single Family Housing Policy Handbook 4000.1 that address servicing and ...
Legacy URLA Loan Submissions Will Cease to Be Accepted After May 1
With the mortgage industry now using the redesigned Uniform Residential Loan Application, Fannie Mae and Freddie Mac today reminded lenders ...
ABA Raises Concerns about GSE PSPA Changes
In a letter to Treasury Secretary Janet Yellen and Federal Housing Finance Agency Director Mark Calabria this week, ABA requested ...
Fannie, Freddie Announce Effective End of ‘GSE Patch’
In lender letters issued this week, Fannie Mae and Freddie Mac announced that any loans purchased by the GSEs after ...
ABA Urges CFPB to Reconsider Extension of QM Rule Compliance Date
Delaying the mandatory compliance date of the new QM rules could “foster disruptive market confusion and complicate bank compliance efforts ...
CFPB Issues Proposed Rule Prohibiting Foreclosure Notices Until Dec. 31
The Consumer Financial Protection Bureau today proposed to establish a temporary COVID-19 emergency pre-foreclosure review period under Regulation X that ...
CFPB Warns Servicers: Prepare to Assist Customers Exiting Forbearance
In a compliance bulletin issued today, the Consumer Financial Protection Bureau called on mortgage servicers to “take all necessary steps ...
OCC: Mortgage Performance Declines in Fourth Quarter
The share of current and performing first-lien mortgages in the fourth quarter of 2020 was 93.3%, down from 96.5% a ...
ABA Weighs in on Proposed GSE Liquidity, Resolution Planning Requirements
In two comment letters to the Federal Housing Finance Agency last week, the American Bankers Association weighed in on proposed ...
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