Equifax, Atlanta, said it will provide telecommunications (telco), pay TV and utilities attributes to the mortgage industry to help streamline the mortgage underwriting process and support loans within the secondary mortgage market.
Tag: Office of the Comptroller of the Currency

MBA Comments on Prudent Commercial Real Estate Loan Accommodations and Workouts
The Mortgage Bankers Association commented on a proposed policy statement on commercial real estate loan accommodation and workouts published by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the National Credit Union Administration.

MBA Letter to Agencies Targets Topline CRA Issues
The Mortgage Bankers Association last week sent a letter to federal regulatory agencies, discussing several topline issues it says are crucial to improving the current Community Reinvestment Act framework.

MBA Advocacy Update Feb. 22 2022
Last Monday, MBA submitted comments to the OCC on draft principles for large banks’ management of climate-related financial risk. On Tuesday, the FHA announced it is extending the mandatory implementation deadline for mortgagees to begin delivering appraisals through the FHA Catalyst: Electronic Appraisal Delivery Module.

MBA Submits Comments to OCC on Draft Principles for Climate-Related Financial Risk Management
The Mortgage Bankers Association this week submitted comments to the Office of the Comptroller of the Currency on its draft principles for climate-related financial risk management for large banks.

Industry Briefs Dec. 8, 2021: Agencies Announce Dollar Thresholds for Exempt Consumer Credit/Lease Transactions
The Federal Reserve Board and the Consumer Financial Protection Bureau announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2022 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).

Housing Market Roundup: Apr. 6, 2021
Another round of housing market reports came across MBA NewsLink’s desk over the past few days. Here’s a summary of what’s happening:

MBA Letter Offers Recommendations on Improving CRA Framework
The Mortgage Bankers Association, in a letter this week to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.

MBA Letter Offers Recommendations on Improving CRA Framework
The Mortgage Bankers Association, in a letter this week to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.

Federal Agencies Hold Threshold for Smaller Loan Appraisal Requirements Exemption
The Consumer Financial Protection Bureau, Federal Reserve Board and Office of the Comptroller of the Currency announced the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will remain at $27,200, as it was in 2020.