FDIC: Supervisory Relief Granted to Help Financial Institutions and Facilities Recover in Areas of Texas Affected by Severe Storms, Straight-Line Winds and Flooding
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by severe storms, straight-line winds, and flooding. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced…
HUD: “Express Lane” Launced to Expedite Financing for Residential Care Facilities
FHA cuts processing times from five months to two weeks for eligible low-risk transactions U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the launch of a new “Express Lane” to expedite Federal Housing Administration (FHA) insured refinancing applications under the FHA Section 232/223(f) Mortgage Insurance for Residential Care Facilities program. This…
HUD: Home Appraisal Process Streamlined Through Termination of PAVE Task Force Policies
Termination of DEI PAVE task force policies will improve efficiency, reduce regulatory burden, and expand access to homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and Acting Administrator of the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) Jeffrey Clark announced the termination of…
HUD: Foreclosure Relief Provided to Texans Impacted by Floods
Action from Secretary Turner provides immediate relief for more than 900 Federal Housing Administration (FHA) single family mortgages in impacted areas U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced a 90-day foreclosure moratorium on Federal Housing Administration (FHA)-insured single-family mortgages in the areas of Kerr County, Texas, devastated by continuing severe…
FFIEC: 2024 HMDA Data on Mortgage Lending Published
The Federal Financial Institutions Examination Council (FFIEC) recently published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,908 U.S. financial institutions. The Snapshot National Loan-Level Dataset released contains the national HMDA datasets as of May 19, 2025. The FFIEC released several data products to serve a variety of data users,…
ABA: Bank Economists Project Credit Conditions May Weaken for Consumers and Businesses Over the Next Six Months
Credit conditions are expected to soften over the next six months as businesses and consumers wait for greater clarity on the economic outlook especially trade policy, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for…
SBA: Agency Approves California Governor Newsom’s Disaster Declaration for Los Angeles
Federal Relief Mobilized to Address Estimated $1B in Damage from Violent Rioters Attacking Federal Law Enforcement Today, the U.S. Small Business Administration (SBA) announced approval of Governor Gavin Newsom’s long-overdue request for disaster relief in downtown Los Angeles, where he allowed pro-illegal alien riots to harm our brave ICE agents and destroy small businesses in the city….
OCC: New Report Highlights Key Risks in Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2025. The OCC reported that the strength of the federal banking system remains sound. Consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have increased…
HUD: Red Tape Slashed to Cut Homeownership Financing Costs
FHA eliminates 12 costly and burdensome policies in sweeping rollback U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is rescinding more than 12 sub-regulatory policies under its Single Family mortgage insurance program. These sweeping changes cut red tape, help reduce the cost of homeownership, and eliminate…
ICBA: ICBA Applauds House Passage of Bill to Restrict Mortgage “Trigger Leads” Following Unanimous Senate Passage
The Independent Community Bankers of America (ICBA) applauded Congress following today’s House passage of the bipartisan Homebuyers Privacy Protection Act (H.R. 2808), which will help protect the financial privacy of mortgage applicants. With today’s vote on H.R. 2808 following the Senate’s unanimous passage of its version of the bill (S. 1467) earlier this month, ICBA…