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FHFA and Ginnie Mae Update Seller/Servicer Requirements

New updated minimum financial eligibility requirements for GSE seller/servicers and Ginnie Mae issuers will ensure that the nation’s housing finance system remains safe and sound, and that sustainable mortgage credit remains available for all qualified borrowers.

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Have Forbearances ‘Reached a Floor?’

The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly equal for these loan types.

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Accountability for Equifax

Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), has vowed to hold credit bureau Equifax accountable for repeated slights against American Consumers in an open letter published Aug. 10.  The letter follows recent news that Equifax sent ...

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HUD Declares $10M in Funding for Building Grants

The U.S. Department of Housing and Urban Development (HUD) has announced that it will make $10 million available in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural housing development organizations, Community ...

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CFPB Puts Focus on Financial Companies’ Data Handling

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of ...

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Modernizing the Community Reinvestment Act

The Chairman of the House Financial Services Committee, Maxine Watters, has authored a public letter with the backing of 76 of her Democratic colleagues in the House of Representatives, the Board of Governors of the Federal Reserve, the FDIC, and ...

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