Government

According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.

Government-sponsored enterprises Fannie Mae and Freddie Mac are now required to provide advance notice to the Federal Housing Finance Agency before offering new products.

According to the FHFA’s Q3 2022 Foreclosure Prevention and Refinance Report, the Enterprises completed 69,362 foreclosure prevention actions within the quarter, helping troubled homeowners nationwide to stay in their homes.

Two new Requests for Information from HUD mark the first time the Department has solicited comments on how to equitably distribute critical disaster recovery funds.

Wells Fargo has been ordered by the Consumer Financial Protection Bureau to pay $2 billion in restitution and $1.7 billion in fines. Click through to read the details, as well as the bank’s official statement.

The MBA reports the performance of serviced loans nationwide remained relatively flat in November, despite the forbearance rate for Ginnie Mae loans increasing for the fourth straight month.

After halting a rapid rise in homelessness, the Biden-Harris administration has announced plans to reduce homelessness 25% by 2025, announced as part of its annual Homelessness Assessment Report to Congress.

The FHFA recently published its Q3 2022 data for the Uniform Appraisal Data Aggregate Statistics Data File. The agency also launched the new UAD Aggregate Statistics Top 100 Metro Areas Dashboard, which displays the statistics through customized maps and charts.

New data released from the FHFA and CFPB revealed the COVID-19 pandemic shaped the mortgage borrower experience in 2020, with nearly 50% of borrowers reporting that a paperless online mortgage process was more important to them during the pandemic than in previous years.

The proposal of a registry of company and court order information will assist the Bureau in identifying and mitigating risks to American households, according to the CFPB.