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 balances.
Browsing: Refinances
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 2020.
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 Chopra, who was sworn in as director earlier this month.
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 risks.
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 review of Home Mortgage Disclosure Act data released by the Consumer Financial Protection Bureau today.
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 basis points for no-cash-out and cash-out refinance mortgages for loan deliveries effective Aug. 1.
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 new refinance option for low-income borrowers who have single-family mortgages backed by Fannie Mae or Freddie Mac.
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 Mae and Freddie Mac refinanced mortgages.
State Associations Urge FHFA Director to Rescind “Ill-Advised” Refi Fee
Fifty-one state bankers associations wrote to Federal Housing Finance Agency Director Mark Calabria today urging him to rescind the 50 basis point fee on refinance loans announced by Fannie Mae and Freddie Mac last week.