For those facing financial hardship, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers to defer up to six months of mortgage payments.
Read More »HUD Issues Proposed Rule on Floodplain Management
The Department’s Proposed Rule would revise regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard.
Read More »CFPB Rules Certain State Disclosure Laws Consistent With TILA
In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act.
Read More »Fannie Mae Executes $31.8B in Credit Insurance Risk Transfers
The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »First Citizens Reaches Agreement With FDIC to Acquire SVB
FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.
Read More »Fannie Mae Pushes Back Predicted Recession
Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year.
Read More »Three-Judge Panel Validates CPFB’s Independent Funding
The Bureau’s independent funding through the Federal Reserve was ruled to be lawful by a panel of judges in the Second Circuit Court of Appeals. After rulings by two different circuit courts, the case is expected to be heard by the Supreme Court in October.
Read More »HUD Awards Over $54M to Combat Housing Discrimination
The U.S. Department of Housing and Urban Development has awarded $54 million to 182 fair housing organizations across the country under its Fair Housing Initiatives Program, with some grants empowering organizations to test for appraisal bias and educate local communities.
Read More »Fed Raises Rates by a Quarter Point
The ninth consecutive interest rate increase signaled that the Fed is barreling forward, combating ongoing inflation amid an unstable market and economic turmoil in the aftermath of the failures of SVB and Signature Bank.
Read More »Treasury: Nearly 11 Million Payments Made to Help Prevent Evictions
At the Low Income Housing Forum, Treasury Department Deputy Secretary Adeyemo reports that nearly 10.8 million Emergency Rental Assistance payments have been made to keep families in their homes.
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