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The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.
July 5
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While the U.S. Supreme Court decision on "Obamacare" did not put the issue to rest, it has in many quarters turned the debate around to the importance for everyone to be attuned to his or her health. This is the latest in a series of items from a contributor who wishes to remain anonymous. His point is that to be successful in the mortgage business, you need to remain healthy.
July 5
National Mortgage News -
It's not easy being a residential property appraiser these days.
July 5InHouse -
A House investigative report says Countrywide Home Loans doled out almost 18,000 “Friends of Angelo” loans over a 12-year period, but the price breaks were not very significant.
July 5 -
The Consumer Financial Protection Bureau should outline what constitutes potentially "abusive" acts or practices.
July 5 -
The Federal Circuit Court of Appeals has affirmed a lower court decision holding that the patent infringement asserted against MarketLinx, a business unit of CoreLogic, was invalid.
July 5 -
The Consumer Financial Protection Bureau is in the throes of working on financial compliance audits of some of the nation’s largest nonbank mortgage lenders and hopes to complete at least one of these audits in the next few weeks.
July 5 -
Over the past 18 months, KB Home experienced a “great deal of disruption” as Bank of America and MetLife curtained their lending mortgage activities.
July 5 -
Accurate disclosure of fees topped access to rates without having to disclose personal information in what American consumers most want in a mortgage shopping website.
July 5 -
Saudi Arabia’s mortgage law, approved two days ago after more than a decade of debate, will encourage banks to expand lending in a $16 billion market that now accounts for less than 4% of all home purchases.
July 5


