Compliance & Regulation

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.

Changes may come after lenders have implemented and adjusted to the ability-to-repay rules.

It will use CoreLogic data to empower research conducted by the Urban Institute’s Housing Finance Policy Center.

He could be running the Federal Housing Finance Agency as early as the next day.

Yields for 10-year Treasury notes rose to the highest level in more than two months Wednesday.

Cities and federal agencies have new requirements for maintaining foreclosed assets, so property preservation and servicing executives now spend lots of time poring over local codes.

If the switch is not done right, originators are setting themselves up for trouble.

Plans to wind down the agencies may halt now that they are profitable and Congress is working on reforms.

A continuing reduction in bank-owned foreclosure inventories alongside third-quarter existing home inventory increases suggests “inventory bottomed early in 2013.”

Banks subject to the 2012 settlement over botched foreclosures failed in many cases to provide timely or adequate notifications to borrowers in various stages of the modification or foreclosure process.