The OCC, Treasury Department, Federal Reserve, and FDIC have jointly issued a proposal to modify large bank capital requirements to better reflect underlying risks, and increase the consistency of how banks measure their risks.
Read More »Fed Raises Rates by 25 Basis Points to 22-Year High
The Federal Reserve once again raised the interest rates at its Federal Open Market Committee meeting Wednesday, reaching levels last seen in 2001.
Read More »Senate Passes Measure to Expedite the Mortgage Process on Tribal Lands
The Tribal Trust Land Homeownership Act would create statutory timelines to process mortgages involving properties located on tribal trust land.
Read More »Bill Introduced to Address Affordable Housing Crisis
The Housing Supply Expansion Act would reform a 1930s-era labor law by reducing labor costs and administrative burdens on residential construction contractors.
Read More »An Improvement in Financial Health Pushes Forbearance Volume Down in June
The MBA reports that the share of mortgage loans in forbearance fell to 0.44% nationwide in June, with nearly 80% of that total citing pandemic-related reasons for their forbearance.
Read More »GSEs Complete 16K-Plus Foreclosure Prevention Actions in April
The FHFA reports that since the start of Fannie Mae and Freddie Mac conservatorship in September 2008, the GSEs have recorded 6.7 million-plus foreclosure prevention actions to date nationwide.
Read More »Keeping Afloat
MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.
Read More »FHA Raises Threshold on Standard Underwriting Eligibility for Large Multifamily Loans
Change by the FHA facilitates greater flexibility for lenders when underwriting multifamily transactions up to $120 million, marking the first increase in the threshold since 2014.
Read More »Servicers’ Forbearance Volume Dips to Three-Year-Low
The MBA reports nationwide forbearance volume has reached levels not seen since March 2020, attributed to a strong jobs market and the array of loss mitigation options introduced since that time.
Read More »Sens. Reintroduce Middle Class Mortgage Insurance Premium Act
The bipartisan measure would cut taxes for middle-class homeowners by restoring and extending an expired tax deduction for home buyers with MI, as well as expanding the number of families eligible for the deduction.
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