Browsing: Mortgage

Mortgage OCC releases second quarter mortgage report

The OCC released the second quarter Mortgage Metrics Report, which showed that 97.3% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter, compared with 97.6% in Q1.

Mortgage FHFA issues proposed rule on suspended counterparty program 

The proposed rule would authorize the suspension of business between regulated FHFA entities and counterparties found to have committed misconduct in the context of civil enforcement actions or that have committed criminal or civil misconduct in connection with the management or ownership of real property.

Mortgage ABA, trade groups call for changes to FHA’s proposed partial claim option

ABA, the Mortgage Bankers Association and the National Mortgage Servicing Association cautioned the Federal Housing Administration that a proposed payment supplemental partial claim option “would significantly increase the operational, compliance, liquidity and reputational risk for mortgage servicers, while introducing potential harm to borrowers.”

Mortgage Agencies release HMDA data for 2022

The Federal Financial Institutions Examination Council released the 2022 Home Mortgage Disclosure Act data on mortgage lending transactions at 4,460 financial institutions, up from 4,338 institutions the previous year.

Mortgage CFPB seeks to ‘streamline’ mortgage servicing rules

CFPB Director Rohit Chopra said that the agency will soon propose ways to simplify and streamline mortgage servicing rules, pointing to temporary changes that sought to protect borrowers during the pandemic as a possible guide for future action.

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