The North Carolina Democrat will be the first confirmed director of the FHFA in five years.
Courses that borrowers and lenders can take to remain in compliance to CFPB rules include how to make and stick to a budget, the impact of credit scores, and defining the industry players that homeowners will meet.
The title insurer had the highest gain among Mortgage Industry Equity Composite member stocks on Tuesday.
The Midwest bank was fully reserved to cover the costs.
Gov. Andrew Cuomo is proposing regulations that expand mortgage relief options available to homeowners who owe more than the current market value of their homes and share benefits with investors.
Standard & Poors expects the credit quality of new issue commercial mortgage bonds to deteriorate in 2014 as the result of increased competition among lenders.
Rep. Mel Watt cleared a procedural hurdle in the Senate Tuesday toward becoming the next director of the Federal Housing Finance Agency, with a final confirmation vote to come as early as this afternoon.
The bank reduces servicing expenses by $1 billion per quarter.
Among the products being dropped are 95% loan-to-value ratio mortgages and loans for borrowers with low-to-mid range credit scores.
More than 1,800 financially distressed homeowners lost a total of at least $12 million in fees they paid the Rodis Law Group and Americas Law Group.
A group of state regulators issued a paper calling on federal regulators to do a better job of exempting small banks from their regulations, including urging the CFPB to provide more exemptions for small banks to its qualified mortgage rule.
With the annual March 1 date looming for federal Home Mortgage Disclosure Act compliance, Texas Dow Employees Credit Union has successfully implemented an automated solution that saves time, money and beats the deadline.
The g-fee changes should encourage further return of private capital to the mortgage market, says Ed Demarco, as the price changes provide better protection of and return to taxpayers who are providing the capital support that keeps these companies operating.
Securitization of single-issuer pools falls to new lows.
The new division among other things will offer services related to mergers and acquisitions, benchmarking reports, compliance, operational reviews, and leadership, management and organizational strategy.