Tag Archives: Bob Broeksmit

Under a new order from the CFPB, loans reportable under the Home Mortgage Disclosure Act will not need to be reported under the new small business lending rule.

In its annual report, the FHA highlighted its role in supporting affordable home financing for first-time buyers and borrowers of color, as well as the assistance provided to struggling homeowners.

Looking to address the need for more affordable housing options, the FHFA will require that at least 50% of the GSE’s multifamily business be mission-driven affordable housing.

The FHFA has taken further action to ensure that all borrowers and renters have equitable access to long-term affordable housing opportunities by implementing targeted increases to the upfront fees for most cash-out refinance loans.

The passage of HR 7735 will ease the barriers faced by veterans in obtaining an appraisal on a VA loan, evening the playing field in a competitive housing marketplace.

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.

The multi-year Federal plan was drafted to outline initiatives geared toward the promotion of equitable and sustainable access to housing for all.

After a re-nomination by President Biden, Julia Gordon has been confirmed by the Senate to serve as Commissioner of the FHA/Assistant Secretary of HUD.

A special Executive Session of the Senate Banking Committee voted on advancing Sandra Thompson as Director of the FHFA, among other key nominations.

Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models.