Acting Comptroller of the Currency Brian Brooks said the new Community Reinvestment Act is a “powerful tool” in supporting underserved populations.
Read More »Fed Ups MBS Buying
The New York Federal Reserve Bank announced the purchase of more than $22 billion.
Read More »HUD Responds to Fair Housing Act Criticisms
While several banks and agencies have been critical of the Department’s interpretation of the disparate impact standard, Secretary Dr. Benjamin Carson said certain banks should rejoin the FHA’s housing program.
Read More »Mortgage Brokerage Responds to CFPB’s Claims
CFPB charged Townstone Financial Inc. with violating the Equal Credit Opportunity Act. Click through to read more.
Read More »GSEs Completed 16,000 Foreclosure Prevention Actions in April
The FHFA announced that the 30-59 day and serious delinquency rate saw increases.
Read More »Pandemic’s Impact on JPMorgan, Wells Fargo
While one posted record revenues, the other’s CEO said he was “extremely disappointed” in the Q2 2020 results, which saw its mortgage income fall drastically.
Read More »OCC Debuts Program to Expand Financial Inclusion
Project REACh is designed to increase access to credit and capital for underserved communities. Click through to read more.
Read More »Share of Mortgages in Forbearance Drops
The decline is attributed to a recovering economy and an improved labor market.
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