Heavy snow and wind gusts in March damaged thousands of homes in several Kansas counties, as President Biden issues a major disaster declaration.
Read More »CFPB Warns Mortgage Industry About Legal Responsibilities in Disclosure
Federal anti-discrimination laws in banking are supposed to protect consumers from credit companies from denying an application for credit or taking other adverse actions without just cause or a clear explanation on why the action was taken. Companies have long used ...
Read More »Enhancements Announced for Ginnie Mae’s Digital Collateral Program and eGuide
Program augmentations will bring efficiency to the mortgage process, and improve access for borrowers who are not well served by the traditional lending approach.
Read More »FHFA Rule Brings Greater Transparency to GSEs
Introduction of new Final Rule will introduce public disclosure requirements to the Enterprise Regulatory Capital Framework, and foster risk management practices.
Read More »CFPB Opens New Office to Spur Competition and Innovation
The Consumer Finance Protection Bureau (CFPB) announced the creation of a new office, thus forth called “the Office of Competition and Innovation,” to “spur innovation in financial services by promoting competition and stumbling blocks for new market entrants.” The creation ...
Read More »Private Mortgage Insurers Transfer Risk on $2.8T of Coverage
The U.S. Mortgage Insurers (USMI), which is the trade association representing the nation’s leading private mortgage insurance companies, has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance-in-force from 2015-2021. This ...
Read More »Senate Confirms Thompson as FHFA Director
In service as Acting Director of the FHFA since June 2021, former FDIC executive officially begins her term as FHFA Director after a 49-46 Senate vote.
Read More »Fannie Mae Executes $21B CIRT on Single-Family Loans
Fannie Mae announced the execution of its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022 in the amount of $21 billion. Effective April 1, Fannie Mae will retain risk for the first 65 basis points of loss on the ...
Read More »Julia Gordon Sworn in as FHA Commissioner
Just over a week after conformation by the U.S. Senate, former FHFA exec sworn in by HUD Secretary Marcia L. Fudge to spearhead the FHA’s goals of expand access to safe, affordable, and sustainable housing.
Read More »Ginnie Mae Guarantees $50B-Plus in MBS in April
April issuance adds more than $19 billion to Ginnie Mae’s overall portfolio, on pace to cross the $2.2 trillion mark in May.
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