The OCC’s latest Mortgage Metrics Report found that mortgage servicers nationwide initiated 9,166 new foreclosures in the fourth quarter of 2022, a decrease from Q3’s totals but a higher volume than recorded in Q4 2021.
Read More »Fannie Mae Recognized for Driving Adoption of Green Financing in Housing
Fannie Mae has been honored with the 2023 ENERGY STAR Partner of the Year–Sustained Excellence Award for driving positive impact and the adoption of energy-efficient advancements in housing and finance.
Read More »Closing the Homeownership Gap
Julia R. Gordon, Assistant Secretary for Housing and Federal Housing Commissioner of HUD, speaks to MortgagePoint about recent changes such as FHA’s mortgage insurance premium reductions, an ongoing commitment to improving IT infrastructure, and how the arc of her career brought her to her current role.
Read More »HUD Details Disaster Relief for Mississippi Following Tornado
After severe storms destroy hundreds of homes, agency issues temporary moratorium on FHA foreclosures and vows to “help rebuild."
Read More »New CFPB Rule Impacts HMDA Reporting
Under a new order from the CFPB, loans reportable under the Home Mortgage Disclosure Act will not need to be reported under the new small business lending rule.
Read More »FHFA Announces Enhanced Payment Deferral Policies for Borrowers
For those facing financial hardship, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers to defer up to six months of mortgage payments.
Read More »HUD Issues Proposed Rule on Floodplain Management
The Department’s Proposed Rule would revise regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard.
Read More »CFPB Rules Certain State Disclosure Laws Consistent With TILA
In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act.
Read More »Fannie Mae Executes $31.8B in Credit Insurance Risk Transfers
The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »First Citizens Reaches Agreement With FDIC to Acquire SVB
FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.
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