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 ...
Tag: Mortgage
Housing agencies: Assistance available following Maui wildfires
The Federal Housing Administration, Federal Housing Finance Agency and other federal housing agencies have released a list of the various ...
FHFA issues proposed rule on suspended counterparty program
The proposed rule would authorize the suspension of business between regulated FHFA entities and counterparties found to have committed misconduct ...
ABA, trade groups call for changes to FHA’s proposed partial claim option
ABA, the Mortgage Bankers Association and the National Mortgage Servicing Association cautioned the Federal Housing Administration that a proposed payment ...
Agencies release HMDA data for 2022
The Federal Financial Institutions Examination Council released the 2022 Home Mortgage Disclosure Act data on mortgage lending transactions at 4,460 ...
Housing affordability: In the pursuit of equity
Affordable housing is an old problem in search of new solutions. As banks develop creative, sustainable programs to help close ...
CFPB seeks to ‘streamline’ mortgage servicing rules
CFPB Director Rohit Chopra said that the agency will soon propose ways to simplify and streamline mortgage servicing rules, pointing ...
Compliance question of the month: Are banks required to provide a homeownership counseling notice to all HELOC applicants?
Compliance QOTM answers question on providing notices to all HELOC applicants.
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 ...
ABA Regulatory Policy and Compliance Inbox: Must banks disclose all co-branding relationships?
And if a bank reports consumer deposit accounts to a “specialty” consumer reporting agency such as ChexSystems, is it required ...
