Government Roundup: FHA Publishes 40-Year Loan Mod Final Rule; CFPB Targets ‘Junk Fees’

In this week’s Government Roundup, FHA published a final rule that would permit 40-year terms for loan modifications; and the Consumer Financial Protection Bureau released a special edition of its Supervisory Highlights targeting allegedly unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student and payday lending.

(#MBAServicing23) Government Agencies Stress Flexibility

ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.

(#MBAServicing23) Government Agencies Stress Flexibility

ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.

#MBACREF23: Multifamily Leadership Perspectives

SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.

#MBACREF23: Multifamily Leadership Perspectives

SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.

FHA Expands Assistance Options for Struggling Borrowers

The Federal Housing Administration on Monday announced expansion of its loss mitigation options used to help borrowers struggling to make mortgage payments on their FHA-insured mortgages.