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 ...
Read More »Bipartisan MI Bill Introduced to Provide Relief to Middle-Class
Reps. Ron Kind and Vern Buchanan announce legislation to provide financial assistance to middle-class homebuyers.
Read More »Loan Limits Increased to Keep Up with Appreciation
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 ...
Read More »Fannie Mae Names New Finance Leadership
GSE announces changes to its finance leadership structure as Chryssa Halley is named CFO, and Jim Holmberg is promoted to Controller.
Read More »FHFA Announces Conforming Loan Limits for 2022
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.
Read More »FHFA Announces Deemed-Issuance Ratio for Next Year
Conforming to IRS guidelines, the FHFA has reported the deemed-issuance-ratio on underlying bonds for 2022.
Read More »Update: How Many Mortgages Are Still in Forbearance?
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).
Read More »DS5: How Freddie Mac Is Aiding Servicer Efficiency With PAID
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.
Read More »HUD Reveals Climate Action Plan
The plan is part of the Biden Administration’s “whole of government” approach to tackle the climate crisis on multiple fronts.
Read More »CFPB Seeks Input to Combat Discrimination
The Bureau has requested public comment on HMDA in order to better support fair lending practices for all.
Read More »