-
Richard Cordray has pointed out that originating loans that exhibit strong performance over time should not run afoul of the qualified mortgage rule that goes into effect in January.
May 15 -
At the end of the day, the debate over the future of the Federal Housing Administration, Fannie Mae and Freddie Mac boils down to one question: What is the appropriate role for government in housing finance?
May 14
-
Lender Processing Services has agreed to pay $14 million to settle claims the company deceived investors about its business practices.
May 14 -
To better serve the needs of homeowners in New York SafeGuard Credit Counseling Services is using the IndiSoft RxOffice Premium Counselor Edition platform.
May 14 -
Ally Financial has entered into a settlement with the creditors of its former subprime lending subsidiary Residential Capital.
May 14 -
Wells Fargo has upgraded to $3.2 million a fund designated to compensate African-American and Hispanic borrowers in Philadelphia who allegedly suffered from predatory lending practices.
May 14 -
The House Financial Services Committee will roll out a bill to scale back the Federal Housing Administration single-family program in the next month or so.
May 14 -
U.S. households reduced debt during the first quarter by 1% to the lowest level since 2006.
May 14 -
FirstREX plans to separately fund through an equity investment up to half of the borrowers downpayment required on a HomeStreet Bank single-family purchase loan.
May 14 -
Mortgage fraud is a problem that servicers and lenders have dealt with for a long time and it does not seem to be going away anytime soon
May 14
