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The Shadow Financial Regulatory Committee is warning that proposed risk retention rules might not deter some MBS issuers from securitizing poor quality mortgages.
May 3 -
The servicing-related consent orders that the nation’s megabanks signed to appease banking regulators could impact smaller servicers too, according to consultants at Newbold Advisors.
May 3 -
The loan officer compensation rule, among other regulatory changes, is beating down the entrepreneurial spirit of the loan originator, but at the same time, LOs need to understand these changes and put them into their business plans, said a past president of the Arizona Mortgage Lenders Association.
May 3 -
The White House keeps insisting it has not made a final choice for director of the Consumer Financial Protection Bureau, but there is a growing expectation that Elizabeth Warren will soon get the nod.
May 3 -
As fictional character Gordon Gekko once said, “Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit.”
May 2 -
Frost National Bank recently won a District Court case in Dallas where it claimed more than $9.5 million in a commercial lending dispute.
May 2 -
By participating in two separate mortgage schemes, Stephen Kottage has pleaded guilty in U.S. District Court of Connecticut to two counts of conspiracy relating to these fraud cases.
May 2 -
House Financial Services Committee chairman Spencer Bachus, R-Ala., on Monday said he is trying to forge a consensus on GSE reform legislation based on several bills already approved by a subcommittee.
May 2 -
Under sections 202 and 536 of the National Housing Act, HUD may impose sanctions, including civil money penalties, for misuse of the terms Federal Housing Administration, Department of Housing and Urban Development, Government National Mortgage Association, Ginnie Mae, the acronyms HUD, FHA, or GNMA, or any official seal or logo of the Department of Housing and Urban Development.
May 2
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John Dickinson may have been more eloquent when he wrote the "Liberty Song" in 1768. But David Stevens, the new president and chief executive of the Mortgage Bankers Association, emphasized the same point at the group's annual secondary market conference in New York.
May 2
