An interagency task force including the Department of Housing and Urban Development, the Federal Housing Finance Agency and the federal banking agencies today released an action plan to ensure appraisal and valuation equity for all Americans.
The share of current and performing first-lien mortgages in the fourth quarter rose to 96.3%, up from 93.3% a year ago, according to the Mortgage Metrics Report released by the OCC today.
The Federal Housing Finance Agency today finalized changes to the prescribed leverage buffer amount and the capital treatment of risk transfers under enterprise regulatory capital framework for Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency today released a draft of its strategic plan for 2022-2026 for public comment. Comments are due March 11.
The OCC is seeking comments on the renewal of its guidance for managing compliance and reputation risk as it relates to reverse mortgage products.
The FDIC today approved a final rule to simplify deposit insurance calculations for revocable trusts, irrevocable trusts and mortgage servicing accounts.
As the CFPB undertakes its planned assessment of the 2015 Home Mortgage Disclosure Act regulations…
The Federal Housing Finance Agency said today it will increase fees for certain Fannie Mae and Freddie Mac high-balance loans and second home loans starting on April 1. Fees for high-balance loans will increase between 0.25% and 0.75%, and second home loan fees will rise between 1.125% and 3.875%, with both types tiered by loan-to-value ratio, FHFA said.
“We think the new administration will be aggressive and, quite frankly, willing to press the boundaries, since they can’t really know the limits of their authority unless they test it.”
With many COVID-19 mortgage forbearance programs winding down, the CFPB and the Department of Justice today sent letters to mortgage servicers reminding them of service member and veteran mortgage borrowers’ rights under federal laws and regulations, including the CARES Act, the Servicemembers Civil Relief Act, Regulation X and Regulation Z.