FHFA will hold FHLBank boards and senior management accountable for planning for and adapting to the shifting risks posed by the increasing frequency and intensity of climate-related natural disasters.
The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.
“After reviewing the comments and reconsidering the proposed rule’s substantive and procedural amendments, FHFA has determined that a number of material changes to the rule are necessary,” the agency said.
The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.
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