Browsing: Mortgage

Mortgage

Ensuring that Fannie Mae and Freddie Mac have bank-like resolution plans in place in the event the Federal Housing Finance Agency is appointed receiver “enhances the integrity of the entire Dodd-Frank orderly resolution system,” FHFA Director Mark Calabria said today during remarks at a Brookings Institution event today.

Compliance and Risk

The American Bankers Association yesterday offered several changes to a recent proposal by the Consumer Financial Protection Bureau to facilitate streamlined loan modification efforts and establish a temporary COVID-19 emergency pre-foreclosure period under Regulation X that would prohibit servicers from making the first notice or filing required to initiate foreclosure until Dec. 31.

Mortgage

The Federal Housing Finance Agency today issued a request for information seeking feedback on Fannie Mae and Freddie Mac’s eligibility requirements for condominium, cooperative and planned unit development projects that have short-term rentals, operate with services and amenities similar in function to hotels and motels or may otherwise be considered transient housing.

Mortgage

Sens. Mark Warner (D-Va.) and Tim Scott (R-S.C.) today urged the Consumer Financial Protection Bureau to reconsider its decision to postpone the effective date for the General Qualified Mortgage final rule from July 1, to Oct. 1, 2022, and extend the temporary “GSE patch.”

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