Household Debt Continues to Climb
Outstanding household debt increased by 1.4% in the second quarter of 2019, rising by $192 billion to land at $13.86 ...
Tag: Mortgage
FHFA to Remove Language Preference Question From URLA
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to make several changes to the Uniform Residential ...
ARRC Releases White Paper on Using SOFR Average for ARM Products
The Alternative Reference Rates Committee yesterday released a white paper that shows how to use an average of the Secured ...
FHFA Publishes Methodology for ‘PMMS+’ Index
As expected, the Federal House Finance Agency today published in the Federal Register its methodology for calculating the new “PMMS+” ...
ABA, MBA Support Making Single-Family Loan Sale Program Permanent
ABA joined the Mortgage Bankers Association in a comment letter to the Department of Housing and Urban Development last week ...
FHFA Publishes Replacement Index for Mortgage Rates
In response to advocacy by ABA, the Federal Housing Finance Agency today published new data that banks may use in ...
Trade Groups Weigh in on Changes to Lender Certification Requirements
In a comment letter to the Department of Housing and Urban Development last week, the American Bankers Association joined three ...
OCC: Mortgage Performance Improved in Q1
The share of current and performing first-lien mortgages in the first quarter of 2019 was 96.2%, up from 95.8% a ...
OCC Rescinds Guidance, Issues ‘Core Principles’ on Higher-LTV Loan Programs
Acknowledging banks’ innovative efforts to meet the credit needs of residents in distressed communities, the OCC today rescinded 2017 guidance ...
Podcast: A $4 Billion Bank’s Nationwide Affordable Housing Strategy
As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael ...
