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The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.
October 11
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Cybersecurity precautions often focus on preventing a data breach. But what if those precautions aren't enough? Here's a look at steps lenders and servicers can take now to prepare their response in the event of a catastrophic data breach.
October 7
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The housing industry has staunchly defended the mortgage interest tax deduction as an essential tool for promoting homeownership. But attitudes are softening, as data show the low- and moderate-income homebuyers who need the subsidy the most are getting the least benefit.
October 7
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A former top regulator of Fannie Mae and Freddie Mac wants to abandon the development of the common securitization platform and use the existing Ginnie Mae platform to issue government-guaranteed mortgage-backed securities.
October 6
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Talk show hosts have had a field day with the Wells Fargo phony-accounts scandal, underscoring just how much it has hurt the bank's reputation.
October 6
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With the myriad home price indices available to the mortgage industry, it's difficult to determine which offers the most cost-effective insights about a particular market. Granularity is a key selling point, but not a one-size-fits-all solution.
October 6
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The bank's fake account scandal is further reason to make the results of Wells' 2012 Community Reinvestment Act exam public.
October 6
California Reinvestment Coalition -
Converting millennials from renters to homeowners is proving difficult, but here are steps lenders can take to get this generation on board with buying.
October 5
Vantage Production -
Two decades of experience with offshoring has shown that shifting operations work from knowledgeable, local workers to people in another country with oftentimes limited training comes with risks of errors, of misunderstandings and of security lapses.
October 4
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Utah-based lenders Primary Residential Mortgage and SecurityNational have agreed to pay a total of nearly $10 million in separate settlements with the Department of Justice.
October 4
