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Secondary market agency is asking Congress for additional funding to increase monitoring of nonbank servicers.
July 8
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The Consumer Financial Protection Bureau is allowing lenders to skip the ability-to-repay rule when transferring a loan to the kin of a deceased borrower or for other life events.
July 8 -
Now that buyers and sellers have a sense of what it's like to operate in the new interest rate environment, the two sides are more likely to agree on price.
July 8
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A nonprofit housing group has found an ambitious middle ground between those who oppose any change to the mortgage interest deduction untouched and those who say it must go.
July 8
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When reporting defaults on government-insured single-family mortgages, the FHA identifies the primary borrower to a government database, but rarely provides the names of the co-borrowers, HUD's inspector general found.
July 7 -
A Supreme Court ruling overturning circuit court rulings in D.R. Horton Inc. v. the National Labor Relations Board is in question. This affects the enforceability of class waiver arbitration agreements.
July 7
Offit | Kurman -
New federal requirements for private mortgage insurers aim to standardize coverage across the market. Thats left some companies looking for ways to distinguish their products as they vie for lenders' business.
July 7
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SunTrust Banks agreed to pay as much as $320 million to resolve federal allegations it mishandled applicants for mortgage modifications.
July 3 -
As interest rates rise and loans become more likely to stay on the books, more banks may show up on the buy side of the market for mortgage servicing rights.
July 3
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Ginnie Mae is paying particular attention to nonbank servicers due to the same concerns an inspector general has raised about servicing transfers involving Fannie Mae and Freddie Mac loans.
July 2
