Who Owns Climate Risk? MBA White Paper Examines Challenges, Risks for U.S. Real Estate
The Mortgage Bankers Association issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. real estate market.
CFPB Issues Advisory on Personal Data Compilation
The Consumer Financial Protection Bureau on Thursday issued a legal interpretation on how companies that use and share credit reports and background reports can do so under the Fair Credit Reporting Act.
CFPB Moves to Reduce Junk Fees Charged by Debt Collectors
The Consumer Financial Protection Bureau issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees.
FHA Expands Mortgage Eligibility for Borrowers Previously Affected by COVID-19
The Federal Housing Administration on Thursday expanded mortgage eligibility for borrowers who experienced a gap in employment and/or a reduction or loss of income due to a COVID-19 related economic event.
Vacation Home Buyers Ignore Natural Disaster Risk
Redfin, Seattle, said pandemic-era second home and vacation home buyers are largely ignoring natural disaster risk.