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Berkshire Hills Bancorp is buying a bank with a national mortgage platform. The company hopes the business will provide a much-needed lift in fee income.
July 1
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Inaccurately insured homes can cost mortgage servicers millions of dollars in civil penalties a loss that can be prevented by better understanding the figures and analysis used to determine the correct cost of insurance needed.
July 1
DIMONT -
Nonperforming loan investors will have to consider principal reductions and offer more sustainable loan modifications.
June 30
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As the mortgage industry swings more toward purchase loans and away from refinancings, its risk from material misrepresentations increases.
June 30
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Loan application defect risk continued to decline in May, according to First American Financial Corp.
June 30 -
The Little Rock, Ark., bank got the final regulatory approval it needed to buy C&S and C1, but not before agreeing to address some community reinvestment concerns in the Atlanta market and elsewhere.
June 30
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BancorpSouth Bank agreed Wednesday to a $10.6 million settlement with the Consumer Financial Protection Bureau and the Justice Department for allegedly discriminatory mortgage lending practices that harmed minorities.
June 30 -
The Federal Housing Finance Agency is soliciting industry input on how to improve Fannie Mae and Freddie Mac's credit risk transfer transactions, for the first time considering front-end transactions rather than back-end deals.
June 29
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The Supreme Court agreed Tuesday to hear a case regarding a clause in Fannie Mae's corporate charter that awards jurisdiction over every case involving the government-sponsored enterprise to federal courts.
June 29 -
The Federal Housing Finance Agency wants mortgage servicers reaching out to delinquent borrowers to be exempt from tough restrictions on robo-calling. But the idea is being panned by consumer groups, who say it would give a free pass to mortgage servicers that have a record of consumer-protection violations.
June 29
