FHA volume slows as delinquencies show signs of easing

Application volume for Federal Housing Administration mortgages slowed in May, as did insurance-in-force growth, but the latter is still outpacing private mortgage insurance, an analysis of data by Keefe, Bruyette & Woods found. Processing Content Furthermore, mortgage delinquency trends for FHA, which increased meaningfully following a change in loan modification rules in October, look to […]

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Basel’s looser securitization rules have some snags for MBS

Trade groups have largely welcomed what’s broadly more lenient treatment of securitizations in their comments on the latest U.S. Basel III endgame proposal, but some want to change certain details they fear could cause friction for home loans. Processing Content “The revised proposal reflects meaningful progress, including on several issues that are critical to the

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OCC, FDIC encourage banks to share data on fraud

Key insight: Fincen’s guidance expands the types of information banks can share about suspected fraud and illicit activity while protecting participating institutions from liability. Supporting data: Banks can share information including transaction records, video footage, IP addresses, device identifiers and fraud indicators. Forward look: The guidance comes as the Treasury pushes to overhaul anti-money-laundering rules

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