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Regulation

A plea for the Federal Housing Administration official to finish clarifying the rights of spouses unnamed on Home Equity Conversion Mortgages before she leaves office.
There should be policies on where, when, and how employees can access data. Image: Fotolia.
Another important concern when it comes to the safety of borrowers' home loan information is physical location. There have been many physical loan files stolen, as well as computers.

Sen. Sherrod Brown's bill to grant banks relief from sending out annual privacy notices has the support of 72 other senators, but has not yet been acted upon.
Community bankers are launching a last-ditch effort to push the Senate this year to pass more than a dozen bipartisan regulatory relief bills that have already cleared the House with support from both parties.

The regulatory and legal environment that exists in Canada gives investors comfort. Image: Fotolia.
Common sense underwriting, a regulatory system that abides by contract law, and borrowers who consider homeownership a privilege, not an entitlement, make Canada perfect for private -label residential mortgage-backed securities.

Credit reports are "too important in determining access to a wide array of opportunities for these reports to contain inaccurate and incomplete information," Waters said.
The draft released by the top Financial Services Committee Democrat would remove adverse information from credit reports and require consumer data furnishers to retain records.

The State of New York has filed the first of many promised redlining lawsuits. Image: Fotolia.
Allegations lenders failed to lend in certain geographic areas that are racially or ethnically diverse are mounting.
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