Law and regulation

Many lenders believe that the key to a compliant marketing services agreement is the proper formation of such a relationship. While the importance of a proper monetary valuation and appropriate contract cannot be understated, the mistake many lenders make is to focus exclusively on these issues.

Bankers and other lenders are strongly urging the Consumer Financial Protection Bureau to delay implementation of its qualified mortgage and other pending rules.

According to the National Association for the Advancement of Colored People, “the Corker-Warner bill is a threat” to the American middle-class regardless of race.

CFPB ISSUES UPDATED RULES ON TILA AND RESPA; READ, LEARN AND STAY OUT OF THE CFPB TARGET ZONE

Fed policy makers have pledged to maintain $85 billion in monthly buying until the job market improves substantially.

A litany of new mortgage rules has been issued this week by the Consumer Financial Protection Bureau.

Real Estate Services and Technology Report has updated its loan disposition calculation software with the new HAMP guidelines that expand and extend the program through the end of 2015.

Efforts to overhaul the mortgage finance system are gaining momentum, but key logistical hurdles remain as lawmakers prepare to return from the August recess.

A panel including former bank regulator Sheila Bair cautioned that the Federal Reserve must take a clear and steady direction out of its "experimental" monetary policies so as not to further harm the economy.

An update sent to the monitor of the national mortgage settlement by the five banks that participate in the agreement showing they dispersed $51.33 billion in consumer relief assistance through June 30 is under review.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America this year because the bank needed Fannie's approval to sell billions of dollars in servicing rights.

Lenders that sell loans to Fannie Mae and Freddie Mac will be responsible for determining their compliance with the qualified mortgage rule issued by the Consumer Financial Protection Bureau.

The National Community Reinvestment Coalition unveiled a new white paper that outlines two alternative proposals for integrating affordable housing into the larger mortgage finance reform debate.

The Federal Deposit Insurance Corp. has scheduled a board of directors meeting next week to act on the proposal, which is also known as the qualified mortgage rule.

Sen. Elizabeth Warren is pressuring the Department of Justice for more details related to payments made to the Federal Housing Administration as part of the $25 billion mortgage servicing settlement.

Is the Consumer Financial Protection Bureau taking a page from the NCAA?

Although the UBS settlement does not create a formal precedent, Fitch expressed that its high costs relative to the outstanding portfolio amount might lead to different provisions at other banks.

Fannie Mae is putting another Benchmark Notes offering in the pipeline, a new issue five-year deal due Sept. 18, 2018.