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.
New focuses and directions at the agencies are on the way, but a few themes have been clear and consistent.
Mortgage servicers will be required to suspend foreclosure activities for up to 60 days if they are notified that a borrower has applied for mortgage assistance under the Treasury Department’s Homeowner Assistance Fund, the Federal Housing Finance Agency announced today.
ABA Regulatory and Compliance Inbox: Can We Base Mortgage Credit Decisions on the Assets of the Borrower?
What would my bank report if instead of income it based the credit decision on the assets of the borrower?
The average 30-year fixed-rate mortgage increased 26 basis points in just one week, according to Freddie Mac. The last time the 30-year rate exceeded 4.4% was in March 2019. Mortgage rates across all loan types continue to move up.
Today’s rise in housing prices not as risky to financial stability as the real estate bubble and crash of 2008, Fed governor says.