ABA: Reports Shows Consumer Delinquencies Mixed in Fourth Quarter 2018

​Consumer credit delinquencies were mixed in last year’s fourth quarter, with delinquencies falling for the composite index of closed-end loans and rising in other open-end loan categories, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in six of the 11 categories tracked by […]

OCC: Revised Interagency Examination Procedures for HMDA Issued

Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to inform national banks, federal savings associations, and federal branches and agencies (collectively, banks) about revised interagency examination procedures for determining compliance with the Home Mortgage Disclosure Act (HMDA). Highlights The examination procedures were developed by […]

FDIC: New Podcast Series Chronicles Causes, Responses to Financial Crisis

The FDIC today released a series of podcasts featuring discussions about Crisis and Response: An FDIC History, 2008–2013, the agency’s study of the banking and financial crisis. The podcast series gives listeners a unique behind-the-scenes perspective on the crisis, as FDIC officials share their insights into the agency’s decision-making strategies and […]

Federal Reserve: “A Guide to HMDA Reporting: Getting It Right!” Revised

The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed a revised version of “A Guide to HMDA Reporting: Getting It Right!” (Guide). The updated Guide is for use in connection with Home Mortgage Disclosure Act (HMDA)1 data collected beginning on January 1, 2019 pursuant to […]

CFPB: HMDA Modified Loan Application Registers from 2018 Released

Today, the Home Mortgage Disclosure Act (HMDA) Modified Loan Application Registers (LARs) data were published for approximately 5,400 financial institutions. This is the first year in which additional data reported by certain institutions under the 2015 HMDA rule will be available. The Modified LARs contains loan level information for 2018 […]

FHFA: Index Shows Mortgage Rates Decreased in February 2019

Nationally, interest rates on conventional purchase-money mortgages decreased from January to February, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.46 percent for loans closed in late February, down 14 basis points from […]

OCC: Report Shows Mortgage Performance Improves in Fourth Quarter 2018

The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2018. The OCC Mortgage Metrics Report, Fourth Quarter 2018, showed 95.8 percent of mortgages included in the report were current and performing at […]