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The longer the government shutdown continues the more disruptive it will be for the mortgage market and borrowers.
October 3 -
New York Attorney General Eric Schneiderman plans to sue Wells Fargo for violating the 2012 national mortgage settlement and has reached an agreement with Bank of America to comply with several new mortgage servicing standards.
October 2 -
The settlement monitor has issued four new tests to measure four banks compliance with the national mortgage settlements servicing standards.
October 2 -
As a rule transfers of mortgage servicing rights from one servicer to another do not have a negative impact on mortgage-backed securities ratings, but MSRs still make some insiders nervous.
October 2
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The CFPB's new rules on originations rank at the top of mortgage lenders' worries these days, but they have plenty more. Scores of home equity lines of credit made during the height of the housing boom are on the verge of resetting. Regulators are demanding that lenders improve oversight of home appraisers. And Fannie and Freddie are cautioning lenders not to sell them anything other than pristine loans. Here are six issues that are keeping mortgage lenders up nights.
October 2
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Timothy Pawlenty, president and chief executive of the Financial Services Roundtable, predicted that housing finance reform will pass after the 2014 midterm elections.
October 2
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The Consumer Financial Protection Bureau wisely provided qualified mortgage status to loans that are sellable to Fannie Mae and Freddie Mac.
October 2 -
Shares of Municipal Mortgage and Equity LLC were supposed to have resumed trading by this morning but they did not.
October 2 -
Kroll Bond Rating Agency warned that so-called extraordinary expenses in residential-mortgage-backed securities can be a possible credit risk.
October 2 -
In an effort to provide a broader range of services, CredAbility and ClearPoint Credit Counseling have agreed to merge by Dec. 31.
October 2
