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The Consumer Financial Protection Bureau is expected to unveil a flat free compensation proposal Wednesday night after briefing industry officials on the matter earlier in the day.
May 9 -
A former police officer and his wife began trial yesterday for allegedly causing some $210,000 of damages to their $1 million house after their credit union, San Diego Metropolitan CU, foreclosed on them two years ago.
May 9
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Sen. David Vitter, R-La., is trying to force the Senate to quickly pass a five-year reauthorization of the flood insurance program this week.
May 9 -
Industry vendor CoreLogic has decided to close its appraisal management company in Danvers, Mass.
May 9 -
Some loan officers hate appraisal management companies (AMCs) and heres why: Several megabanks control AMCs through joint ventures and are making huge fee income while paying rank and file appraisers little.
May 9
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The risk of material breach of representations and warranties "should be on the issuer," not the investor.
May 9 -
The Modification Team LLC, a Lawrenceville, Ga.-based mortgage business that offers services related to property sales, modifications and notaries, was issued a cease-and-desist order from the state’s Department of Banking and Finance.
May 9 -
The Federal Housing Administration’s single-family program is facing headwinds as the HUD secretary tries to keep the insurance fund above water and appease critics who want to reign in government programs.
May 9
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Senate Democrats may try to fast-track a bill to open up the HARP 2.0 program so more lenders can refinance high LTV Fannie Mae and Freddie Mac loans held by large servicers.
May 9 -
The Obama administration used a speech by the president and an appearance on Capitol Hill by his housing secretary Tuesday to launch a push for legislation that would allow more Americans to refinance into lower interest rate mortgages.
May 8
