Banks and mortgage lenders may have received too much relief from loan buybacks, putting taxpayers at greater risk for losses, according to a Federal Housing Finance Agency inspector general's report.
U.S. Bank in Minneapolis will pay nearly $11,500 to a Native American couple in North Dakota to settle a lending-discrimination complaint with the Department of Housing and Urban Development.
In his first major policy speech as the new housing secretary, Julian Castro voiced support for a Senate bill to reform housing finance and said policymakers should "remove the stigma associated with promoting homeownership."
Citigroup Inc., Morgan Stanley and Goldman Sachs Group Inc. are among 13 banks whose units were sued for $1.15 billion by the state of Virginia, over claims they misled its retirement system about the sale of residential mortgage-backed securities.
From Our Blogs
»An Open Letter to FHA's Carol Galante
»B of A's Countrywide Woes Offer a Lesson in M&A Branding
»How Banks Can Back the Military on the Home Front
»The Best 'Recipe' for Preparing for a CFPB Exam: Part 2
»Sneak Peek at 2013 HMDA Data Shows Apps Down, Denials Up
»CFPB May Be the Best Thing Ever for Independent Mortgage Bankers
»Passing the CFPB Servicing File Test
»The QM Safe Harbor Just Became Less 'Safe'
»Dave Brat Fudges the 'Blame Fannie and Freddie' Narrative
»HMDA Data Offers Clues on Discrimination Against Gays
- NTC Hits Industry Milestone for Electronic Recordation
- IDS Launches Mortgage Compliance Resource Center for Doc Prep Clients
- NTC Snags Third Inc. 5000 Award, Places Number 2,097 on List of Fastest-Growing Companies
- Equifax Further Streamlines Lenders' Mortgage and Home Equity Origination Pipelines
- Property Reports Made EasyNationwide Title Clearing, Inc. Revamps Website, Online Ordering Available