ABA calls for changes to Basel III mortgage provisions
The Basel III endgame capital proposal would impose significant costs on the U.S. economy, ranging from small business loans to ...
Tag: Mortgage
Safeguarding assets: Strategies to address collateral devaluation
What are the best ways to successfully bring loans with devalued collateral back into compliance with reasonable risk profiles while ...
The 2024 compliance outlook
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory ...
ABA Regulatory Compliance Inbox: Does Section 1071 of the Dodd-Frank Act define when banks must collect demographic information?
The bank’s first request for information may not be made simultaneous with or after notifying the applicant of action taken.
OCC releases mortgage performance report for third quarter 2023
The OCC released the third quarter 2023 mortgage metrics report, which showed that 97.3% of first-lien mortgages in the federal ...
ABA Regulatory Compliance Inbox: If my bank reduces the amount of a customer’s HELOC, are we required to provide an adverse action notice?
And: Must banks include a printed version of their “HMDA Disclosure Statement” in their CRA public file?
NY Fed: Household debt ticks up to at $17.29 trillion in Q3
Total household debt increased by $228 billion, or 1.3%, to $17.29 trillion in the third quarter of 2023, according to ...
Treasury Department to collect data on climate risk from insurers
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial ...
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 ...
CFPB: Higher interest rates erode mortgage affordability
Higher interest rates led to a significant reduction in overall mortgage affordability in 2022, according to the CFPB's annual report ...
