The Environmental Protection Agency recommended the VA Home Loan Program promote clean energy, sustainable water systems and other green building techniques in new builds and rehabilitations.
Servicers can temporarily offer repayment plans to HECM borrowers regardless of their total outstanding arrearage. Also, servicers no longer have to wait for three years before seeking an assignment of a HECM they have cured with their own funds.
The gender gap in homeownership has shrunk drastically since 1990, but the pandemic threatens to erase this progress, particularly among the most vulnerable and families with children, Urban Institute researchers said.
The number of home mortgages in active forbearance falls; the Federal Insurance Office seeks information on climate-related financial risks for the insurance sector; FHA is hiring.
In a statement, bank CEO Charlie Scharf said, “Building an appropriate risk and control infrastructure has been and remains Wells Fargo’s top priority. The OCC’s actions today point to work we must continue to do to address significant, longstanding deficiencies.”
One given: Profit margins (gain-on-sale) are still coming under pressure compared to the first quarter as well as last year. But as most everyone readily acknowledges, 2020 was a profit aberration...
Fannie and Freddie, the linchpin of the nation’s MBS market, may never get out of conservatorship. Right? Actually, they might. A pending risk-based capital rule could play a role in the drama.
Industry insiders are speculating whether former FHFA Director Mark Calabria delayed the release of the 2020 stress tests results because they contradicted his proposed capital rule.
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