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Fannie Mae and Freddie Mac unveiled an appeals process Tuesday that will allow an independent arbitrator to resolve disputes between lenders and the government-sponsored enterprises over loan repurchase demands.
February 2
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The near future may find more banks ceasing to originate residential mortgages in an effort to stop the slide in stock prices.
February 2
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Key Democratic lawmakers are urging the Department of Housing and Urban Development to tighten its program for selling nonperforming guaranteed loans to ensure servicers have exhausted all loss mitigation options before the loans are sold to private investors.
February 1
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While most federal banking regulators use enforcement actions as a way to shape industry practices, the Consumer Financial Protection Bureau is taking that to a whole other level, frequently using orders as a substitute for new rules or guidelines.
February 1
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The Federal Housing Finance Agency's Duty-to-Serve rule must include a substantive commitment from the government-sponsored enterprises to purchase chattel loans.
February 1
Manufactured Housing Institute -
By implementing a platform designed specifically to support quality control, lenders can continuously prepare for an audit while simultaneously executing on everyday loan quality tasks.
January 29
ACES Risk Management Corp. -
The Department of Housing and Urban Development is reducing the mortgage insurance premiums it charges on Federal Housing Administration multifamily loans to encourage the renovation of affordable housing units and promote energy-efficient upgrades.
January 28
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Amid concerns about the added complexity of the TILA-RESPA integrated disclosures and growing demand for purchase loans, Flagstar Bancorp plans to reduce its over-reliance on third-party originations by expanding its retail mortgage business.
January 27
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Royal Bank of Scotland Group took a surprise $5.2 billion hit to the value of its assets and set aside more money for past misconduct, limiting CEO Ross McEwan's ability to return capital to shareholders.
January 27 -
In the absence of congressional action on housing finance reform, here is what the Federal Housing Finance Agency should do sooner rather than later.
January 27
