Browsing: Mortgage

Mortgage FHA proposes new tool for struggling homeowners

FHA is seeking feedback on a proposal to allow mortgage servicers to use the FHA Partial Claim to both bring a borrower’s mortgage current and provide temporary reductions for monthly mortgage payments for up to five years.

Mortgage ABA seeks mortgage loan originator rule reforms

While well-intentioned, the Truth in Lending Act’s mortgage loan originator rules are extremely complex and continue to cause considerable compliance challenges due to their prescriptive and detailed restrictions on compensation for loan originators, ABA said in a letter to the CFPB.

Mortgage FFIEC issues 2023 guide to HMDA reporting

The Federal Financial Institutions Examination Council’s 2023 Guide to HMDA Reporting is now available for download. The 2023 guide focuses on HMDA data submissions due March 1, 2024, and offers the most official source for assisting institutions in their HMDA reporting.

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