FHFA: Foreclosure Suspension Announced for Borrowers Applying for Relief through the Homeowner Assistance Fund
Servicers with mortgages backed by Fannie Mae and Freddie Mac must delay the foreclosure process for up to 60 days The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that…
OCC: FFIEC’s 2022 “A Guide to HMDA Reporting: Getting It Right!” Released
The Office of the Comptroller of the Currency (OCC) is announcing the issuance of the Federal Financial Institutions Examination Council’s (FFIEC) revised “A Guide to HMDA Reporting: Getting It Right!” (2022 guide). The 2022 guide provides resources to help banks1 comply with the Home Mortgage Disclosure Act (HMDA) and Regulation C, its implementing regulation (12 CFR…
HUD: Additional $3.3 Million in American Rescue Plan Funds Made Available to Fight Housing Discrimination Related to the Coronavirus Pandemic
The U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making an additional $3,285,353 in American Rescue Plan (ARP) funding available to help HUD’s Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. Organizations that qualify for the funding, which is being awarded through FHIP’s…
HUD: Disaster Assistance Announced for Puerto Rico Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Puerto Rico affected by a severe storm, flooding, and landslides from February 4 and February 6, 2022. On March 29, President Biden issued a major disaster declaration for…
FHFA: Fourth Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6.3 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 153,793 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,364,278…
CFPB: 2021 HMDA Data on Mortgage Lending Now Available
The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2021 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,316 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect consumer privacy. To increase public accessibility, the annual loan-level (LAR) data…
OCC: Improvement in Mortgage Performance Reported for Fourth Quarter 2021
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021. The OCC Mortgage Metrics Report, Fourth Quarter 2021 showed that 96.4 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
HUD: Disaster Assistance Announced for Maine Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Maine affected by a severe storm and flooding from October 30 to October 31, 2021. On March 15, President Biden issued a major disaster declaration for the counties…
HUD: Disaster Assistance Announced for Virginia Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement Commonwealth, Tribal, and local recovery efforts in the areas of Virginia affected by a severe winter storm and snowstorm on January 2 to January 3, 2022. On March 11, President Biden issued a major disaster declaration for the…
HUD: Disaster Assistance Announced for Tennessee Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Tennessee affected by a severe winter storm on February 3 to February 4, 2022. On March 11, President Biden issued a major disaster declaration for the counties of Crockett,…