CFPB Seeks To Ease HMDA Reporting Requirements

The CFPB is proposing to exempt lenders that originate fewer than 25 mortgages a year from its new HMDA reporting rules. In addition, financial institutions with a large number of reported transactions would be required to submit HMDA data on a quarterly, rather than annual, basis.

CFPB, FTC, States Take Action Against Foreclosure Relief Companies

The CFPB says the three companies collected a total of more than $25 million in illegal advance fees for foreclosure relief.

The 'Widespread Contagion' Of Foreclosure Is Now Contained

RealtyTrac says in its midyear report that foreclosure activity has dwindled back down to historic levels and that it is on track to continue the pace.

New Housing Finance Reform Bill Introduced In Congress

Three congressmen are taking a new crack at balancing public and private involvement in housing finance.

Julian Castro Confirmed As HUD Secretary

The 39-year-old, third-term mayor of San Antonio will replace current HUD Secretary Shaun Donovan, who will next lead the White House Office of Management and Budget.

Mortgage rates remained mostly flat during the week ending July 31, according to Freddie Mac's Primary Mortgage Market Survey. The average rate for a 30-year fixed-rate mortgage (FRM) was [Read More]

BLOG VIEW: In the ever-evolving world of mortgage default servicing, there is an erroneous belief that the recent proliferation of "squatters" invading vacant, abandoned properties is a new phenomenon. [Read More]

Six important questions you need to ask about your compliance process_id1314

From The Orb

PERSON OF THE WEEK: Steve Wiser is president of Specialized Business Software, a provider of custom software solutions for insurance, mortgage and financial services companies, including Docunym, a cloud-based [Read More]

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has issued a report sharply criticizing mortgage servicers for failing to keep up with the [Read More]

BLOG VIEW: As the mortgage market shifts from refinance to purchase, the profitability, perhaps even viability, of many firms will depend on how quickly lenders maximize purchase opportunities, build [Read More]

Citing that labor market conditions continue to improve and that inflation hasn't yet reached the 2% threshold, the Federal Reserve will continue to taper its bond-buying program by another [Read More]

BLOG VIEW: Having more than 20 years of experience as a real estate agent and broker - 16 of which have been focused on the disposition of real estate [Read More]

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