The Federal Housing Finance Agency's plan to restrict membership to the Federal Home Loan Bank System could cost lenders hundreds of billions in mortgage funding, according to the CEO of the Chicago FHLB.
The Consumer Financial Protection Bureau and Fannie Mae may actually be helping banks and mortgage lenders boost their bottom lines through better oversight of their third-party vendors.
New York regulator Benjamin Lawsky has begun investigating possible predatory lending practices at companies that originate short-term, high-interest loans secured by a borrower's home.
The U.S. Treasury is seeking to stoke issuance in the mortgage-bond market by pushing credit-rating firms to offer more information on how they might grade securities tied to riskier loans.
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»PL RMBS Prospects Are Looking Up Up North, That Is: Part 2
»PL RMBS Prospects Are Looking Up Up North, That Is: Part 1
»An Open Letter to FHA's Carol Galante
»Understanding the Technical Implications of the New Disclosure Rule: Part 1
»B of A's Countrywide Woes Offer a Lesson in M&A Branding
»How Banks Can Back the Military on the Home Front
»Why We Should Scrap Mortgage Interest Deductions
»Proposed HMDA Changes Set to Improve Data Quality
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