Browsing: Mortgage


As more borrowers exit COVID-19 forbearance programs, the Biden administration today announced several new relief measures designed to help mortgage borrowers with loans through the Department of Housing and Urban Development, Department of Veterans Affairs and the Department of Agriculture avoid foreclosure.


The FDIC board today approved a proposal to simplify the deposit insurance rules for deposits of trusts and mortgage servicing accounts. Comments on the proposal will be due 60 days after publication in the Federal Register, and the American Bankers Association will file a comment letter.


As the economy recovers from the effects of COVID-19, “financial institutions are in good shape” to continue providing credit to consumers and businesses, amid persistent uncertainty and rising inflation fears, American Bankers Association Chief Economist Sayee Srinivasan said today on a new episode of the Banking with Interest podcast, hosted by Rob Blackwell.

Commercial Lending

As expected, the Consumer Financial Protection Bureau today finalized a rule to facilitate streamlined loan modification efforts and establish a temporary COVID-19 emergency pre-foreclosure period under Regulation X that would prohibit servicers from making the first notice or filing required to initiate foreclosure until Dec. 31.

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