CFPB Reports Declines in Credit Inquiries During Coronavirus Pandemic
Credit applications—as measured by the number of credit inquiries—fell significantly in March during the early days of the coronavirus pandemic ...
Tag: Mortgage
FHFA’s Calabria Rebuts Claims about Lump Sum Payments for Borrowers Exiting Forbearance
In response to recent concerns raised about the repayment terms for mortgages backed by Fannie Mae or Freddie Mac that ...
CFPB Issues Guidance on Residential Mortgage Transfers
The Consumer Financial Protection bureau on Friday issued guidance for transferring mortgage servicing rights to a servicer or sub-servicer.
FHFA to Purchase Qualified Loans in Forbearance
In a significant move today, the Federal Housing Finance Agency announced that it will purchase qualified single-family mortgages in forbearance ...
FHFA to Limit Servicers’ Payment Advancement Obligations to MBS Investors Due to Pandemic
In a move to support mortgage markets today, the Federal Housing Finance Agency announced that it will limit servicers’ obligations ...
CFPB Permanently Raises HMDA Reporting Thresholds
In a final rule issued today, the Consumer Financial Protection Bureau raised the reporting thresholds for banks reporting data under ...
FHFA, CFPB Announce Information Sharing to Facilitate COVID-19 Mortgage Relief
To support the effort to provide relief to mortgage borrowers struggling due to the coronavirus, the Federal Housing Finance Agency ...
Agencies to Temporarily Defer Appraisals, Evaluations for Real Estate Transactions
The federal banking agencies issued an interim final rule this evening allowing financial institutions to temporarily defer appraisals and evaluations ...
Ginnie Mae Expands Pass-Through Assistance Program to Prevent Liquidity Shortfalls
Ginnie Mae has released guidance on its previously announced liquidity support program, which issuers can request an advance from Ginnie ...
Fannie, Freddie Revise Coronavirus Servicing Guidance to Reflect CARES Act Changes
Fannie Mae and Freddie Mac have issued updates to their servicing guidelines for servicers working with borrowers affected by the ...
