Instability of consumer credit models can be a significant source of risk for lenders – particularly for financial technology (fintech) firms and others, a paper released Wednesday by the federal insurer of bank deposits implied. In […]
Title: Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z) Subject: Regulation Z, mortgage lending Agency: CFPB Status: Notice of proposed rulemaking (NPRM) Summary: The Bureau of Consumer Financial Protection (Bureau) is proposing to amend Regulation Z, […]
Guidance on risk management for banks interested in making higher-loan-to-value (higher-LTV) loans in communities targeted for revitalization by a federal, state, or municipal governmental entity was issued Wednesday, and a 2017 guidance was rescinded, by […]
The percentage of current and performing mortgages improved slightly in the third quarter at national banks and thrifts, rising to 95.4%, up 60 basis points from the same period a year earlier. The Office of […]
Banks eased standards and terms for commercial and industrial (C&I) loans in the face of weaker demands for those loans during the third quarter, according to a report issued Tuesday by the Federal Reserve. In […]
Total originated home loans fell by about 12.4% (or more than 1 million) in 2017 from the previous year, according to mortgage lending transactions data released Monday by federal financial institution regulators. The Federal Financial […]
Revitalizing communities by establishing housing rehabilitation loan programs is the focus of the latest edition of the Investments newsletter published by the Office of the Comptroller of the Currency (OCC). The “Expanding Housing Opportunities: Single-Family […]
Cybersecurity may be at the top of the “primary issues of supervisory focus” for 2018 by the federal regulator of credit unions, but easing of citations for disclosure violations of mortgage loan data will likely […]
A modification in federal mortgage rules that the Consumer Financial Protection Bureau (CFPB) said is aimed at providing additional flexibility for lenders in collecting consumer ethnicity and race information was finalized and published Wednesday by […]
Providing additional flexibility to some mortgage lenders concerning the collection of consumer demographic information is the aim of a proposed amendment to Regulation B (Equal Credit Opportunity Act/ECOA) issued by the CFPB last week. According […]
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