Banco Popular de Puerto Rico

The California Association of Mortgage Professionals had its annual meeting and trade show Aug. 8 through 10 at the Newport Beach Marriott Hotel and Spa.

The Securities Industry and Financial Markets Association recent held a meeting on “The Future of Global Capital Requirements,” noting that one of the “main themes of industry response” to rulemaking in this area so far has been that generally “the proposals would result in much higher capital requirements” for most positions.

Fairholme Capital Management has come up with an intriguing plan that seems to mesh with all proposals on the table when it comes to housing finance reform. Here is where it falls in the range of plans for Fannie Mae and Freddie Mac currently on the table.

Origination News had a roundtable discussion with the officers of the Florida Association of Mortgage Professionals at the group's annual convention in Orlando, covering such issues as rising rates, recovering markets and regulation in the state.

A crowd of more than 200 marched on the New York City offices of Freddie Mac and Fannie Mae on Sept. 12, protesting the eviction of distressed homeowners and demanding Edward DeMarco, the acting director of the Federal Housing Finance Agency, implement a principal reduction policy for Fannie Mae and Freddie Mac.

A letter has been sent to the Federal Reserve and the Office of the Comptroller of the Currency demanding more information about the settlement.

CoreLogic employees from San Diego, Westlake, Texas, and Rochester, N.Y., recently participated in the homebuilding projects.

The New York Association of Mortgage Brokers annual convention was delayed by Hurricane Sandy and that was a big topic of conversation at the show. One of the presenters at the Melville gathering was a representative of the Small Business Administration. Sandy was a topic during Origination News' roundtable with NYAMB's board.

Home sales will rise, home price appreciation will slow, purchases will dominate, government-related securitizations will drop, and commercial ones will grow, according to these forecasts. (Image: Fotolia.)

Regulatory pressure is expected to be as strong as ever next year when mortgage lenders and servicers will test new waters in compliance implementation, process improvements and business strategies. Market veterans find regulatory compliance risks are higher almost in every area of the business.