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Mortgage refinancings once again drove banks' profits last quarter and, with interest rates at record lows, most industry experts expect the trend to continue at least through the end of the year.
August 2
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A decision by the Georgia Court of Appeals has added new language to a notice of foreclosure requirement case that, according to some analysts, could invalidate thousands of Georgia foreclosures.
August 2 -
The mortgage disclosure proposal is intended to simplify the disclosure process by combining overlapping requirements in the Truth in Lending Act and Real Estate Settlement Procedures Act.
August 2 -
The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.
August 1 -
In an interview with Credit Union Journal, NCUA board member Michael Fryzel describes the mood and the thinking at NCUA in the months leading up to the conservatorship of WesCorp.
August 1
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A former Minnesota Vikings tight end has reached a settlement with federal regulators over his alleged misdeeds at a Minneapolis-area community bank.
August 1
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Barclays Capital, Citigroup Global Markets, Credit Suisse and Deutsche Bank Securities were among the winning bidders for the sale of roughly $4.5 billion of additional assets from the Maiden Lane III portfolio.
August 1 -
Servicers of securitized commercial mortgage loans beware of the still-elevated delinquency rates.
July 31 -
A few hours after the Federal Housing Finance Agency officially slammed the door on principal reductions, the Treasury Department shot off a memo to agency director Ed DeMarco asking him—more or less—to reconsider his position.
July 31 -
The Mortgage Bankers Association, in a new comment letter to the CFPB, questions whether bank and nonbank residential loan officers should face the same rules when it comes to training and other issues such as “character” and “fitness” responsibilities.
July 31
