Servicing

The ability-to-repay standards and qualified mortgage definitions issued by the Consumer Financial Protection Bureau leaves the consumer with little or personal responsibility for their actions.

House prices jumped 1.9% in March from the prior month, which sent the year-over-year increase in prices to their highest level in seven years.

The New York attorney general is threatening to sue Bank of America and Wells Fargo for allegedly failing to keep up with the timetables for completing loan modifications under the national mortgage settlement.

A recent sheriff sale in New Jersey indicates distressed property sale prices are the new residential property value metric in hard-hit areas with large inventories.

Wells Fargo and Bank of America have serially violated the terms of the national mortgage servicing settlement, New York Attorney General Eric Schneiderman alleged on Monday.

In March, DataQuick said 10,215 new and resale houses and condominiums closed escrow in the Miami metropolitan area.

Credit unions and their CUSOs are looking to create new growth opportunities in everything from investments, to some untraditional lending activities and even collections.

JPMorgan and Credit Suisse said New York was relying on recycled claims from private lawsuits.

The Federal Housing Administration multifamily program is slated to shut down in August unless Congress provides HUD with an additional $5 billion loan commitment authority.