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 ...
Tag: Mortgage
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 ...
Philly Fed Survey Finds 10% of Respondents Took COVID-19 Forbearance
More than 10% of respondents in a recent Federal Reserve Bank of Philadelphia survey said they had entered mortgage forbearance ...
CFPB Extends Mandatory Compliance Date for QM Rule; GSE Patch Remains in Effect
As expected, the Consumer Financial Protection Bureau today proposed to delay the mandatory compliance date of the General Qualified Mortgage ...
CFPB Nominee Has ‘Open Mind’ About Potential QM Rule Changes
At his confirmation hearing to serve as the next director of the Consumer Financial Protection Bureau today, Rohit Chopra told ...
CFPB Report: Share of Delinquent Mortgages Doubles During Pandemic
The number of homeowners that are behind on their mortgage has doubled since the beginning of the pandemic, with 6% ...
