More about Marissa Blundell
Blog Posts by Marissa Blundell:
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CFPB Proposed HMDA Rule Includes Changes to Thresholds for Reporting
On May 2, 2019, the Consumer Financial Protection Bureau published a proposed rule to amend Regulation C, which implements the Home Mortgage Disclosure Act. Below are key points related to this latest HMDA happening.
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CFPB Proposal Targets Relief for HMDA Data Collection
On May 2, 2019, the Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to solicit comments relating to whether to make certain changes to Regulation C, implementing the Home Mortgage Disclosure Act.
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FHA Provides Extension of Effective Date for new rules related to Downpayment Assistance
On April 25, 2019, FHA issued Mortgagee Letter 2019-07 which announced the extension of the effective date of Mortgage Letter 2019-06 setting forth new documentation requirements related to Downpayment Assistance from governmental entities.
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FHA issues Mortgagee Letter 2019-06 related to Borrower’s Minimum Required Investment
On April 18, 2019, the Federal Housing Administration (FHA) issued Mortgagee Letter 2019-06 which clarifies source requirements for a borrower’s Minimum Required Investment (MRI).
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Fannie Mae Updates Selling Guide
On April 3, 2019, Fannie Mae announced changes to the Selling Guide sections covering HomeReady ® mortgage loans, the self-report process, and additional topics.
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FHLB updates the MPF Traditional Selling and Servicing Guide
On March 1, 2019, the Federal Home Loan Bank’s Mortgage Partnership Finance (MPF) program announced the following updates and clarifications to the MPF Traditional Selling and Servicing Guide.
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Department of Veterans Affairs clarifies policies for cash-out refinancing loans
On February 14, 2019, the Department of Veterans Affairs (VA) issued a circular clarifying its new policies regarding VA-guaranteed cash-out refinancing loans. The policies took effect on February 15, 2019, pursuant to an interim final rule which was published in the Federal Register on December 17, 2018.
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CFPB Releases HMDA Policy Guidance
On December 21, 2018, the Bureau of Consumer Financial Protection Bureau (Bureau) released final policy guidance applicable to the public disclosure of data collected and reported pursuant to the Home Mortgage Disclosure Act (HMDA).
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HMDA Platform Beta Launch
On December 11, 2018, the Bureau of Consumer Financial Protection (BCFP)launched a beta release of the platform financial institutions will utilize in2019 to report data collected pursuant to the Home Mortgage Disclosure Act (HMDA) in 2018.
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Fannie Mae released Selling Guide Announcement SEL -2018-09
On December 4, 2018, Fannie Mae released Selling Guide Announcement SEL -2018-09 describing changes made to the following key topics: Self-employment income calculation – enforcement relief when using approved vendor tool Commissions and unreimbursed business expenses – updated policy based on tax law changes Appraisal waiver policy – for loans in process at time of […]