Government

A criminal London Inter-Bank Offered Rate (LIBOR) rate-setting conspiracy that implicated major international banks has resulted in the Consumer Financial Protection Bureau (CFPB) finalizing a rule to transition away from the LIBOR interest rate index for all consumer financial products starting in 2022.  The rule establishes how creditors must select replacement indices for existing ...

Reps. Ron Kind and Vern Buchanan announce legislation to provide financial assistance to middle-class homebuyers.

Due to the drastic increase in real estate prices over the last year, the Federal Housing Administration (FHA) has announced new loan limits for 2022 for its Single Family Title II forward and Home Equity Conversion Mortgage insurance programs.  The agency is statutorily mandated by the ...

GSE announces changes to its finance leadership structure as Chryssa Halley is named CFO, and Jim Holmberg is promoted to Controller.

In a banner year for the industry, the ascension in home prices has forced baseline conforming loan limits to rise to $647,200 in 2022.

Conforming to IRS guidelines, the FHFA has reported the deemed-issuance-ratio on underlying bonds for 2022.

New dataset finds approximately 1.01 million mortgage holders remain in pandemic-related forbearance plans, accounting for approximately $188 billion in total unpaid principal balance (UPB).

Dave Lucchino, SVP, Single-Family Operations at Freddie Mac, discusses the PAID tool and how it can improve servicer efficiency for expense reimbursements, as well as other client-centric solutions the GSE is working on.

The plan is part of the Biden Administration’s “whole of government” approach to tackle the climate crisis on multiple fronts.

The Bureau has requested public comment on HMDA in order to better support fair lending practices for all.