Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the…
ICBA: ICBA Congratulates Lawmakers for Enactment of Bipartisan Housing Law with Pro-Community Bank Policies
The Independent Community Bankers of America (ICBA) congratulated members of Congress for today’s enactment of bipartisan housing legislation that includes a community banking title of ICBA-advocated regulatory relief to promote lending and housing affordability. “ICBA and the nation’s community banks applaud today’s enactment of bipartisan housing legislation with pro-community bank reforms that will promote lending…
OCC: Mortgage Performance Report for First Quarter 2026 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2026. The OCC Mortgage Metrics Report, First Quarter 2026 showed that 97.7 percent of mortgages included in the report were current and performing at the end of the quarter, a slight…
FFIEC: 2025 Data on Mortgage Lending Reported Under HMDA Published
The Federal Financial Institutions Examination Council (FFIEC) recently published data on 2025 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4782 U.S. financial institutions. The Snapshot National Loan-Level Dataset released contains the national HMDA datasets as of June 1, 2026. The FFIEC released several data products to serve a variety of data users,…
HUD: Agency Slashes More Red Tape to Lower Costs and Improve Affordability
New Federal Housing Administration Single Family policy changes remove barriers and expand homeownership opportunities. HUD is announcing fourteen policy changes to its Federal Housing Administration (FHA) Single Family mortgage insurance program that lower costs, reduce regulatory burdens, and improve affordability for Americans seeking FHA-insured mortgages. The changes eliminate outdated requirements, reduce administrative burdens, and make…
HUD: Environmental Reviews Streamlined to Lower Multifamily Development Costs
FHA updates remove outdated requirements, cut inefficiencies, and support housing production HUD announced updates to environmental review requirements for multifamily housing, removing outdated provisions that have increased costs and complexity for lenders and developers. These changes, issued through HUD’s Federal Housing Administration (FHA) via a Mortgagee Letter, revise the Multifamily Accelerated Processing (MAP) Guide to streamline outdated and burdensome…
FHFA: Federal Housing Administration Joins Fannie and Freddie in Implementing VantageScore 4.0 and FICO 10T Credit Scores
Homebuying Advances into New Era of Credit Score Competition Today the U.S. government is ushering in a new era of competition in our nation’s mortgage market. In a joint announcement, HUD Secretary Scott Turner and FHFA Director William J. Pulte announced that the Federal Housing Administration and Fannie Mae and Freddie Mac are implementing their first…
HUD: Disaster Aid & Financial Flexibility Delivered for Hawaii Residents Impacted by Natural Disasters
Secretary Scott Turner announced the availability of federal disaster assistance to the state of Hawaii to supplement recovery efforts in the areas affected by the Kona low weather systems on March 10-24, 2026. “When disasters strike, HUD is here to support American families when they need it most,” said Secretary Scott Turner. “Our team is assisting…
CFPB: 2025 HMDA Data on Mortgage Lending Now Available
The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2025 are now available on the Federal Financial Institutions Examination Council’s (FFIEC) HMDA Platform for approximately 4,768 HMDA filers. The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy. To increase public accessibility, the annual loan-level…
OCC: Mortgage Performance Report for Fourth Quarter 2025 Issued
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2025. The OCC Mortgage Metrics Report, Fourth Quarter 2025 showed that 97.5 percent of mortgages included in the report were current and performing at the end of the quarter, a slight…