IRS Issues Guidance on Reporting of Mortgage Insurance Premiums
The IRS on Friday issued important guidance on how banks and other servicers of mortgage loans must report the deductibility ...
Tag: Mortgage
ABA, Groups Highlight TRID Burden Ahead of CFPB Assessment
As the Consumer Financial Protection Bureau prepares to conduct its five-year assessment of the 2013 TILA-RESPA Integrated Disclosure Rule, ABA ...
Trade Groups Raise Concerns About Changes to FHFA UMBS Pooling Practices
The American Bankers Association joined several housing and financial trade groups in a letter to the Federal Housing Finance Agency ...
Bowman Concerned About Community Banks’ Exit from Mortgage Markets
Speaking to attendees at a mortgage industry event in Kansas City, Missouri, today, Federal Reserve Governor Michelle Bowman expressed optimism ...
Boston Fed President: Low Inflation Could Drive Reach for Yield
While the economic outlook in the near term remains positive, persistently low interest rates and continued economic growth could encourage ...
OCC: Mortgage Performance Improves Slightly in Q3
The share of current and performing first-lien mortgages in the third quarter of 2019 was 96.4%, up from 95.4% a ...
N.Y. Fed: Credit Approval Rates Rise in 2019
Individuals who have applied for credit reported higher approval rates in 2019 than in 2018, according to the Federal Reserve ...
Mortgage Industry Group Issues Language to Help Lenders Comply with New Law
To help lenders comply with the Taxpayer First Act—a new law taking effect Dec. 28 that requires that taxpayers provide ...
HUD Report: Mutual Mortgage Insurance Fund Exceeds Statutory Capital Ratio in 2019
The Federal Housing Administration’s Mutual Mortgage Insurance Fund reached a capital ratio of 4.84%, up from 2.76 in 2018 and ...
Household Debt Continues to Increase
Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 ...
