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WASHINGTON—A replacement for the Home Valuation Code of Conduct is coming soon and the Federal Reserve Board is also working on new rules for ensuring lenders and others don’t exert undue influence on the appraisal process.
October 11 -
The Obama administration said it does not support halting foreclosures nationwide on the grounds that it could delay and hurt a recovery in the housing market.
October 11 -
On Sept. 29, Lawrence William Dunning, 78 of Highland Beach, Fla., was sentenced to 24 months in federal prison and ordered to pay restitution of $2,889,492 followed by three years of supervised release for mail fraud. Additionally, three individuals have been sentenced for their roles in the multi-million-dollar Ponzi scheme or other related offenses, and two more individuals await sentencing.
October 10
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As waves of foreclosures and a strained economy continue to ravage neighborhoods throughout the country, public agencies, private companies and residents are banding together to develop solutions to preserve their communities and make sure they come back stronger than ever.
October 8 -
Senate Banking Committee chairman Christopher Dodd, D-Conn., will hold a committee hearing Nov. 16 to review allegations of improper and fraudulent mortgage servicing and foreclosure processing by the nation's banking companies.
October 8 -
Following the latest "foreclosure-gate" headlines, rumors are sparking that due to the "MERS mess" there may issues with getting title insurance. Many say this could "snowball out of control and get ugly." Find out more here.…
October 8 -
Four different speakers that run the gamut within the lending industry will come together at the Mortgage Bankers Association’s annual meeting in Atlanta to discuss how insider fraud is still running rampant within the mortgage lending space.
October 8 -
If he had a half-million dollars of his own, Roy DeLoach said he would be filing suit to stop the Federal Reserve Board’s loan officer compensation rule because of its anti-competitive nature.
October 8 -
The administration has taken very seriously its responsibility to ensure that FHA is operating on sound financial footing while minimizing risk to taxpayers. Since I took office as FHA Commissioner in July 2009, we have implemented a broad range of actions demonstrating steadfast stewardship of the fund, while carefully ensuring that we continue to serve communities nationwide.
October 8 -
President Obama late Thursday vetoed a bill that was designed to facilitate electronic mortgages and e-commerce. The veto arose in the wake of fears that language in the legislation would make it easier for servicers to get foreclosures approved by the courts.
October 8