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Though bankers generally applauded the Consumer Financial Protection Bureau's final rule on mortgage disclosures, they are raising concerns that some of the changes need to be fixed or they'll have no choice but to assess higher fees at the closing.
November 20 -
WASHINGTON Financial regulators said Tuesday that lenders who only make so-called qualified mortgages should not be concerned about inadvertently triggering a fair-lending violation.
October 22 -
Edward DeMarco, acting director of the Federal Housing Finance Agency, said Thursday that the agency has no immediate plans to lower the size of the loans the government-sponsored enterprises can buy, though he left the door open for future reductions.
October 24 -
Reports that the ceiling on government-backed mortgages may fall at the start of 2014 have much of the housing industry up in arms.
October 9 -
A call to reassign GSE affordable housing goals to private securitizers ignores important changes in underwriting standards and the nature of federal mortgage guarantees in the conventional conforming market.
August 27
The cap on the size of mortgages that government-sponsored enterprises can guarantee will remain unchanged at the start of 2014.
Fannie Mae and Freddie Mac will continue to back home loans of up to $417,000 in most areas of the United States, the Federal Housing Finance Agency said in a
The decision to keep loan limits at their current level was motivated in part by the desire to give the mortgage industry time to adjust to a wave of new mortgage rules, DeMarco
The private mortgage industry had
DeMarco addressed these concerns in October, noting that "any change would be measured and gradual so as not to disrupt markets."
