OCC issues banking bulletin on refinance risk
The OCC issued a bulletin for banks on managing credit risk associated with refinance risk. The bulletin does not address ...
Tag: Refinances
CFPB seeks input on refinancing, mortgage products
The agency is exploring ways to improve mortgage refinances for homeowners who would benefit from it, especially for smaller loan ...
Agencies release HMDA data for 2021
The share of mortgages originated by nonbanks continues to climb, accounting for 63.9% of home-purchase loans, up from 60.7% in ...
Chopra: Increasing Competition, Focusing on ‘Repeat Offenders’ Priorities for CFPB
Stimulating “competitive intensity” in consumer financial markets will be a key priority for the CFPB under the leadership of Rohit ...
FHFA Expands Measures to Add Appraisal Flexibilities, Help LMI Refinances
The Federal Housing Finance Agency announced plans to expand refinance programs introduced last spring for low- to moderate-income borrowers.
Helping Home Buyers Navigate a Hot Housing Market
The frothy housing market can create challenges for borrowers and lenders. Bankers can help by alerting borrowers up-front to the ...
CFPB: Closed-End Mortgage Loans Increased in 2020
Closed-end mortgage originations increased 65.2% in 2020, driven primarily by an increase in mortgage refinance loans, according to a new ...
FHFA Eliminates Controversial ‘Adverse Market Refinance Fee’
The Federal Housing Finance Agency today announced that it will eliminate a widely panned “adverse market refinance fee” of 50 ...
FHFA: GSEs to Offer New Refinance Option for Low-Income Families
To help more borrowers take advantage of historically low mortgage interest rates, the Federal Housing Finance Agency today announced a ...
FHFA Delays GSE Refinance Fee to Dec. 1
The Federal Housing Finance Agency today delayed a 50 basis point fee it had planned to start imposing on Fannie ...
