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Citigroup executives involved in the issuance of residential mortgage-backed securities at the center of the 2008 financial crisis will not be facing criminal charges for selling toxic bonds, U.S. authorities have determined.
March 7 -
A federal judge has allowed to proceed a lawsuit in which a Belgian investor blames Bank of New York Mellon for about $1.1 billion of losses related to its role as trustee for residential mortgage securities.
March 4 -
Lenders and servicers that haven't complied with the Federal Housing Administration's lower cap on late fees better do it soon.
March 4
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Market volatility and new regulatory burdens are thinning the ranks of commercial mortgage lenders that underwrite loans for securitizations. Activity is slowing down as a result, and it is unclear if banks and insurers will fill the void, especially outside the largest cities.
March 4
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Contrary to claims of anticompetitive practices, manufactured housing industry leaders want to increase the number of lenders offering financing.
March 4
Manufactured Housing Institute -
The House Financial Services Committee approved a bill this week that would increase the mobility of mortgage originators who take a new job across state lines or move from a federally regulated bank to a nonbank.
March 3 -
Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog overseeing the process said Thursday.
March 3 -
The agency that insures government loan securitizations could use some more subservicers because it is concerned that so much of its issuance gets outsourced to a small number of players.
March 3
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Whether it's an intentional bait-and-switch or a misunderstanding on the originator's part about compliance requirements, here are seven things lenders should be careful not to misrepresent when communicating with borrowers.
March 2
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Bankers are still grappling with vendor software problems, longer processing times and delays in mortgage closings as a result of new disclosures that went into effect four months ago, according to a new survey by the American Bankers Association.
March 1
