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.

'Middle Ground' GSE Reform Proposal Would Keep Fannie, Freddie Alive

Proposal provides an explicit government guarantee "but taxpayer money will be protected through adequate private-sector capital and accurate pricing of government reinsurance."



Although more U.S. housing markets moved into the "stable range" of housing activity in May, most remained "stalled" largely due to a significant decline in the number of mortgage [Read More]

BLOG VIEW: The proposed merger of Zillow and Trulia would be a great win for shareholders of both companies and a hit to real estate agents and listing data [Read More]

Are You Fully Prepared for a CFPB Exam?_id1237

From The Orb

So as to not overly restrict consumer access to mortgage credit, the Consumer Financial Protection Bureau (CFPB) is easing its reporting requirements for lenders under the Home Mortgage Disclosure [Read More]




PERSON OF THE WEEK: Ed Fay is founder and CEO of Fay Servicing, a special servicer and mortgage originator founded in the midst of the housing crisis in early [Read More]


BLOG VIEW: There's good and bad news for lenders when it comes to real estate owned (REO) deed fraud as we head into the third quarter. CoreLogic's Sam Khater [Read More]


BLOG VIEW: It's rare that a week goes by that I don't read a headline about a big bank being fined billions of dollars for its alleged selling of [Read More]


BLOG VIEW: Today's mortgage market environment seems to be mimicking the weather in much of the U.S. recently: As we enter the summer doldrums, originations have stalled. The competition [Read More]



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