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Private mortgage insurers see deeper coverage of GSE loans as a way to expand business, while lenders hope it could lead to a reduction to guarantee fees.
June 11
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Ocwen Financial's sale of mortgage-servicing rights should generate sufficient liquidity for the Atlanta company to meet its debt-payment obligations, Moody's Investors Service said.
June 11 -
Alternative data used to score "credit invisibles" may do more harm than good. That's because in areas like employment and insurance, no credit score is often better than a bad one
June 11
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A bipartisan group of Senate Banking Committee members is urging the Federal Housing Finance Agency to make risk-sharing a higher priority for Fannie Mae and Freddie Mac.
June 10 -
More than a dozen housing groups are urging lawmakers to pass legislation that would grant lenders a formal grace period for implementing new disclosure forms later this summer, arguing that the industry needs greater certainty than the Consumer Financial Protection Bureau has so far provided.
June 10 -
Stewart Title Guaranty has agreed to offer a voluntary Deloitte & Touche compliance service to its independent title and settlement agents.
June 10 -
Two recent settlements show how far the Consumer Financial Protection Bureau is willing to go to pursue lenders it believes skirted the loan officer compensation rules.
June 10
Offit | Kurman -
The California Reinvestment Coalition has called for a federal investigation into the foreclosure policies of OneWest Bank in minority neighborhoods.
June 10 -
The details of the final Des-Moines-Seattle Home Loan Bank deal made it clear why this merger worked when past attempts had not and gave clues as to whether other institutions could one day follow suit. Following are three items that jumped out.
June 9
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The Consumer Financial Protection Bureau's "qualified mortgage" rule has put a damper on the recovery of the housing market, according to an American Bankers Association survey.
June 9
