A lawsuit has been filed questioning the Federal Housing Finance Agencys decision to block municipalities from using eminent domain to modify a distressed borrowers mortgage and prevent foreclosures.
The City Council unanimously approved a plan to make market-value offers on toxic loans and reissue them to homeowners.
Changes may come after lenders have implemented and adjusted to the ability-to-repay rules.
It will use CoreLogic data to empower research conducted by the Urban Institutes Housing Finance Policy Center.
Yields for 10-year Treasury notes rose to the highest level in more than two months Wednesday.
Cities and federal agencies have new requirements for maintaining foreclosed assets, so property preservation and servicing executives now spend lots of time poring over local codes.
If the switch is not done right, originators are setting themselves up for trouble.
Plans to wind down the agencies may halt now that they are profitable and Congress is working on reforms.
A continuing reduction in bank-owned foreclosure inventories alongside third-quarter existing home inventory increases suggests inventory bottomed early in 2013.
The Department of Housing and Urban Development is a rare government agency that funds private enforcement of its own regulations. It does so via its Fair Housing Initiatives Program, which offers grants to nonprofits to carry out the work.
The National Fair Housing Alliance's claims that banks have failed to maintain homes in minority neighborhoods are based on shaky factual and legal ground. However, alliances between the nonprofit and its allies in government may leave bankers with little choice but to settle.
Will American oligarchs reap billions in stock profits by investing in non-governmental housing agencies?
Lenders need to boost their consumer education spending and watch out for advertorial content, according to the feds.
The Federal Deposit Insurance Corp.'s history, structure and effectiveness during the financial crisis have helped guide the discussion of housing finance reform, inspiring Senate lawmakers to push an FDIC-like system for the mortgage industry.
The rapid increase in originations may be the problem. New-issue commercial mortgage-backed securities could total $87 billion in 2013, up 81% from 2012's $48 billion.