Browse articles from all of our Newsletters related to FDIC.

September 7, 2017 - Inside Mortgage Finance

Some Banks Expected to Benefit From Proposed Delay In Tougher Capital Rule for Mortgage Servicing Assets

A proposal by federal regulators to delay tougher capital requirements for mortgage servicing assets will have a “marginally positive impact” on banks subject to the proposal, according to banking regulators. Near the end of August, the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp. issued a proposed rule that would extend the current treatment on mortgage servicing rights and related assets, delaying tougher standards established by Basel III. The proposal would apply to banks that aren’t subject to the “advanced approaches” capital rules – generally banks with less than $250 billion in total assets. “For small banking organizations that have significant amounts of MSAs ... the proposal could...

August 28, 2017 - Inside the CFPB

Servicers Can Continue to Expect Vigorous Regulation, Analysts Say

There may be plenty of uncertainty about the direction of the CFPB these days, given that Republicans are calling the shots on Capitol Hill and at the White House, plus the fact that Richard Cordray’s days as director of the bureau are numbered, regardless of when he actually ends up departing. Still, mortgage servicers can continue to expect robust supervision and regulation – and enforcement –if not from the bureau, then from another federal regulator, as well the states, and maybe all of the above, according to Steven Frie and Mark Shannon, top servicer analysts at S&P Global Ratings. “It’s been pretty common knowledge that the CFPB has been very active in regards to regulating the mortgage servicing industry,” Frie said ...

August 28, 2017 - Inside the CFPB

FFIEC Issues HMDA Examiner Transaction Testing Guidelines

The CFPB and the other members of the Federal Financial Institutions Examination Council last week issued new examiner transaction testing guidelines for all financial institutions that report under the Home Mortgage Disclosure Act. The rules will apply to the examination of HMDA data collected starting in 2018 and reported beginning in 2019. The guidelines eliminate the file-error resubmission threshold under which a financial institution would have to correct and resubmit its entire Loan Application Register (LAR) if the total number of sample files with at least one error reached or exceeded a certain threshold, the bureau said. They also establish allowable tolerances for certain data fields for the purpose of counting errors toward the field-error resubmission threshold.Additionally, they provide ...

August 24, 2017 - Inside Mortgage Finance

Regulators Delay Tough MSR Capital Rules for Regional Banks; NCUA May Allow Credit Unions to Buy Servicing

Federal banking regulators announced this week that capital requirements set to take effect in January for all but the biggest banks would be suspended under a proposed rule. The proposal applies to Basel III capital requirements for mortgage servicing rights, among other items. The regulators said they are developing a proposal that would simplify capital rules to reduce regulatory burden, particularly for community banks. The proposed suspension generally applies to banks with less than $250 billion in total assets. Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., said...

August 11, 2017 - Inside The GSEs

FHFA Stress Test Shows GSEs Would Need $100B in Bad Times

In the event of a severe global recession, Fannie Mae and Freddie Mac could need a bailout of up to $99.6 billion, according to the Federal Housing Finance Agency’s annual stress test report released this week. The test of severely-adverse scenarios, required by the Dodd-Frank Act for companies with consolidated assets of more than $10 billion, is based on Fannie and Freddie portfolios as of Dec. 31, 2016. The bailout would be needed on an incremental basis and would also depend on the treatment of the GSEs’ tax-deferred assets. Under this hypothetical economic scenario, elevated stress in corporate financial and commercial real estate markets include situations where...


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