The Consumer Financial Protection Bureau this morning issued a final rule raising loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.
Category: News and Trends
OCC Issues Guidance on FEMA/Flood Insurance Force-Place Requirements
The Office of the Comptroller of the Currency on Wednesday provided guidance to the Mortgage Bankers Association, addressing conflicts between a recent Federal Emergency Management Agency memo and banking agency flood insurance rules.
FHFA, CFPB Announce Borrower Protection Program
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency.
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
MBA Opens Doors Foundation Sees Increase in Grant Applications
The MBA Opens Doors Foundation, which helps families around the country stay in their homes while a child is being treated for a critical illness or injury, is seeing an increase in grant applications from families in need. Here’s how you can help.
Regina M. Lowrie, CMB, of Dytrix on How Lenders Can Protect Against Cyberfraud
Regina M. Lowrie, CMB, is President and CEO of Dytrix, a fintech company that enables secure financial transactions for institutions through the Dytrix Platform, which includes wire/ACH transfer validation and closing agent management. In 2005, she became the first woman Chair of the Mortgage Bankers Association and continues to serve on many MBA committees.
Remote Online Notarization: Steps Lenders Can Take During Coronavirus Pandemic
The COVID-19 virus has created a level of uncertainty in our country not seen since the financial crisis of 2008. Moreover, recent orders by state governments to shelter in place or executive proclamations closing non-essential businesses have made it exceedingly difficult for our industry to serve consumers and complete real estate financial transactions.
MBA Opens Doors Foundation Sees Increase in Grant Applications
The MBA Opens Doors Foundation, which helps families around the country stay in their homes while a child is being treated for a critical illness or injury, is seeing an increase in grant applications from families in need. Here’s how you can help.
Ellie Mae: Refis Grow as Interest Rates Continue to Drop
Ellie Mae, Pleasanton, Calif., said as interest rates continued to decline in March to the lowest percentage since January 2013, it drove up the percentage of refinances.
ATTOM: March Foreclosure Report Reflects Calm Before the Storm
ATTOM Data Solutions, Irvine, Calif., released its quarterly U.S. Foreclosure Market Report, which showed 156,253 U.S. properties with a foreclosure filing during the first quarter, up 42 percent from the previous quarter but down 3 percent from a year ago.