Items Tagged with 'American Bankers Association'

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As home equity loans rise, here's the latest pulse on delinquencies

Hint: The housing market is improving
The market is starting to welcome home equity lines of credit back into the fold after a long hiatus stemming from the financial crisis. Given their growing prominence, a new report from the American Bankers Association’s Consumer Credit Delinquency Bulletin gives a current pulse on the health of home equity lines of credit by looking at delinquencies.
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Here's how the industry adapted to QM lending, heightened regulations

8 charts break down the impact of regulations
As the mortgage regulation alphabet continues, with lenders implementing HMDA, TRID, QM and more, it’s not going without notice in the industry. A new survey found that lenders believe regulation is having a negative impact on business production and consumer credit availability. These charts break down how that’s affecting the bottom line.
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National Credit Union Administration sued over updated membership rule

The role of credit unions called into question by ABA
Not more than a day after the National Credit Union Administration published its Field of Membership final rule in the Federal Register, the American Bankers Association filed a lawsuit. To the trade group, the final rule steps away from the intended purpose of credit unions to serve only a single, well-defined local community.
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Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
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ABA: Here's proof rising home equity levels are good for consumers

Demand for home loans increasing
Even before Brexit hit, mortgage rates were at historical lows, igniting a surge in demand for home equity loans at the end of last year and into this year. After the financial crisis, home equity lines of credit fell to the wayside as lenders tried to avoid new defaults, but this is no longer an issue according this new report.
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From HW Magazine

Outsourcing: How to manage your weakest link

Two critical areas with third-party vendors
Unfortunately, as regulators take a harder look at third parties and their shortcomings, it often leads them straight back to the lenders and servicers who are supposed to be managing them. And with the financial penalties for third-party violations so significant, that’s the last thing lenders and servicers need.
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Former Oklahoma Gov. Frank Keating joins J. Ronald Terwilliger Foundation

Recently retired as president and CEO of American Bankers Association
The J. Ronald Terwilliger Foundation for Housing America’s Families announced Wednesday that Frank Keating, the former governor of Oklahoma, is joining the foundation’s executive committee. Keating joins the Terwilliger Foundation after recently retiring as president and CEO of the American Bankers Association.
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