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One chief reason mortgage application volume is slowing and home prices have yet to recover is regulatory “overreaction” in the wake of the housing bust, according to former Federal Home Loan Bank president Alex Pollock.
June 2 -
In yet another borrower dispute of the use of the Mortgage Electronic Registration Systems, a U.S. District court vacated the nonjudicial foreclosure of an Oregon borrower
June 2 -
The chairman of the House Oversight Committee is calling Elizabeth Warren back to the Hill for a second hearing following a dispute with a subcommittee chairman last week.
June 2 -
State regulators this week fined Mortgage Access Corp., an affiliate of realty giant Weichert, $3 million for using unlicensed mortgage originators. The settlement covers 10 states.
June 2 -
A letter signed by 163 congressmen urges federal regulators to loosen the definition of a "qualified residential mortgage," allowing single-family loans with low downpayments and private mortgage insurance to be exempt from pending risk retention rules.
June 1 -
The Department of Housing and Urban Development is charging Mortgage Guaranty Insurance Corp. with violating the Fair Housing Act because its underwriter required a woman return to her job from maternity leave as a condition for approving the application for mortgage insurance.
June 1 -
Fannie Mae is telling outside law firms handling defaulted loans in certain states that they must reapply with the GSE and fill out a ‘request for proposal’ if they want to continue working for the company.
June 1 -
Nearly 40 senators have now signed onto a measure urging federal regulators to modify a risk retention proposal and adopt changes that would pave the way for a broad exemption for securitized mortgages that have a low risk of default.
June 1 -
Mortgage lenders and consumer advocates, two lobbies usually busy opposing each other, have joined forces to urge regulators to ease up on proposed risk-retention requirements that they say will result in a credit crunch.
June 1 -
Fannie Mae and the Federal Housing Administration have revised a risk sharing agreement on refinancing affordable multifamily properties, allowing apartment owners to receive additional funds for renovations and upgrades that increase energy efficiency.
June 1
