Regulation and compliance
Regulation and compliance
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The Connecticut Housing Finance Authority plans its fourth issuance of the calendar year, a $158 million sale of housing mortgage finance program bonds.
October 14 -
Hard money lenders fear New York watchdog Benjamin Lawsky's investigation into their industry could make the public mistakenly think their business primarily involves making loans designed to fail to homeowners who occupy properties.
October 14 -
To avoid claims of unfair or deceptive acts or practices it is incumbent upon lenders to adopt practices that are unlikely to mislead, regardless of whether the misunderstanding is intentional.
October 14 -
WASHINGTON Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.
October 10 -
Generation Mortgage Co. is exiting the Home Equity Conversion Mortgage origination business, but will continue to service reverse mortgages.
October 10 -
Although the case ostensibly turns on whether loan officers should be paid for overtime, the high court is focused on whether government agencies have the right to substantially change regulations without seeking public comment.
October 10 -
The U.S. attorney's office for the Middle District of Pennsylvania indicted Susan Kevra-Shiner with seven counts of mail fraud relating to a title company she owned known as GK Abstract Co.
October 10 -
Officials want to remove the risk that questions about a dealers liquidity could lead to wholesale dumping of assets. Treasuries and mortgage securities represent about 85% of daily repo transactions
October 10 -
Fannie Mae and Freddie Mac will sell large amounts of their credit risk in the U.S. residential mortgage sector.
October 9 -
Independent originators could be shut out from offering this product as there is no secondary market.
October 9 -
Student loan debt has simultaneously reduced younger consumers' ability to get a mortgage and burdened their older family members, a TransUnion study shows.
October 9 -
Wells Fargo will pay up to $5 million to resolve allegations it discriminated against mothers on maternity leave, the largest settlement of such claims ever reached by the Department of Housing and Urban Development.
October 9 -
Real Estate Settlement Procedures Act-Truth in Lending Act reform effective next summer requires significant operational changes, but if lenders prepare now, it shouldnt be as scary as a zombie apocalypse.
October 9 -
In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations a rarity in this largely opaque market.
October 8 -
Fitch Ratings issued an industrywide report Tuesday on U.S.-based commercial mortgage-backed securities. The report highlights positive signs of progress but also says the sector has, "room for improvement."
October 8 -
New York-based real estate investment trust Apollo Commercial Real Estate Finance has completed $190 million in investments that include the recent acquisition of a minority ownership in KBC Bank Deutschland AG.
October 8 -
The Mortgage Bankers Association continues to push back against regulations stemming from the financial crisis, as the industry's biggest lobbying group continues pushing for regulatory relief to bolster the housing market and boost profits for its members.
October 8 -
The California Housing Finance Agency is offering an additional $6,500 in down payment assistance to first-time homebuyers who qualify for its CalPLUS Conventional program.
October 7 -
Starwood Waypoint Residential Trust announced on Monday a $150 million private offering of convertible senior notes due 2017.
October 7 -
Springleaf Holdings has sold $1 billion in securitized real estate loans as part of a previously announced mortgage liquidation plan.
October 7





