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In February and January of this year mortgage firms hired 5,500 workers. Thats good news for the industry and shows that residential finance is on the rise again after several rough years of dealing with record delinquencies, sagging home values, tougher regulations, and the general perception that renting is good.
May 4
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The New York Federal Reserve has initiated a competitive bid in response to reverse inquiries for the holdings in two mortgage-related Triaxx collateralized debt obligations in the Maiden Lane III portfolio.
May 4 -
When MetLife Bank NA jettisoned its mortgage subsidiary back in January most of the firm’s loan officers moved to Wells Fargo and other banks. For the LOs affected, moving to a nonbank lender wasn’t a practical option.
May 4
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When MetLife Bank NA jettisoned its mortgage subsidiary back in January most of the firm’s loan officers moved to Wells Fargo and other banks. For the LOs affected, moving to a nonbank lender wasn’t a practical option.
May 4 -
On top of the regulations imposed by the CFPB, by Aug. 13, all mortgage banks will need to become compliant with Federal Anti-Money Laundering ("AML") regulations. "FinCEN," the Financial Crimes Enforcement Network, created through the Patriot Act in response to the Sept. 11, 2011 attacks, requires lenders (including non-depository institutions) to comply with AML regulations.
May 4
Offit | Kurman -
Nonbank trade groups are calling on the Consumer Financial Protection Bureau to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.
May 4 -
Annaly Capital Management Inc.generated a GAAP gain over the previous and year-ago quarters, and relatively stable earnings outside of unrealized gains or losses on financial instruments.
May 3 -
A new Federal Housing Finance Agency initiative will require the government-sponsored enterprise to create a common data standard and new servicing form under the Uniform Mortgage Data Program.
May 3
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Its not easy being president. Just ask George W. Bush or Jimmy Carter. As for the current inhabitant of the White House, he was a bit late to the game when it came to tackling the housing and mortgage crisis. He wants to fix the housing/mortgage mess and he controls (sort of) three entities that can aid in that recovery: Fannie Mae, Freddie Mac and HUD/FHA
May 3 -
House Republicans are wading back into the debate over whether to allow principal reductions on Fannie Mae and Freddie Mac mortgages.
May 3
