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They've been called "braindead," "negligent," and "otiose." But some trustees of mortgage-backed securities are proving useful to investors after all in repurchase fights.
February 7 -
Republican leaders on the House Financial Services Committee are keeping an eye on federal regulators as they consider attaching national servicing standards to a risk retention rule.
February 7 -
On Jan. 28, Federal Housing Administration Commissioner David H. Stevens extended the temporary waiver of the agency's "anti-flipping rule." The extension is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.
February 7
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New York Mayor Michael Bloomberg and district attorneys have created two new programs developed by the Financial Crime Task Force to stop mortgage fraud transactions from taking place in the five boroughs.
February 7 -
With fraud becoming a major concern in the mortgage industry because of changes in guidelines and regulations over the past year, ISGN Corp. has partnered with Interthinx to add the FraudGuard and PredProtect Compliance Suite to its MORvision loan origination system Plug-In Partner Network.
February 7 -
With millions of people having their identity stolen every year, Regions Financial Corp. has developed a new product to help its customers guard against identity theft.Regions IdentityProtect is part of the Regions Financial Corp.’s suite of protection services, providing three services including protection, detection and resolution of identity theft.
February 7 -
The White House plan to revamp Fannie Mae and Freddie Mac will mandate that the two charge higher guarantee fees over the next few years, and also will allow the GSE loan cap to fall back to $625,500 by the fall, according to Washington sources.
February 4 -
The Federal Deposit Insurance Corp. Friday named Michael Krimminger, a close aide to Chairman Sheila Bair, as the agency's new general counsel.
February 4 -
Despite the attempt in the Dodd-Frank Act to preserve thrift institutions, a recent report on the elimination of the Office of Thrift Supervision is bolstering the view that the charter will exist in name only.
February 4 -
As the Treasury’s fourth-quarter 2010 report on the legacy PPIP program last week showed, private-label residential MBS have proven to be a vehicle in some circumstances for generating returns, so it might be worth keeping a cautious eye on the sector and regulatory developments like new rules for due diligence providers that could affect it.
February 3
