Cordray: Lenders Have ‘Little To Fear’ When It Comes To ATR/QM Rules
Despite recent controlled tests showing that up to 20% of mortgage loans currently issued by lenders would not muster the Consumer Financial Protection...
Mortgage Origination Volume Will Drop 32% In 2014, MBA Predicts
The Mortgage Bankers Association cast additional gloom on an already sullen industry on Tuesday when it forecast that mortgage origination volume would decline...
The MBA: 100 Years Old And Only Looking Ahead
The Mortgage Bankers Association's new logo was omnipresent at its 100th Annual Convention & Expo in Washington, D.C., this week. But what some...
DeMarco: FHFA Moving Forward With Restructuring Plan
The Federal Housing Finance Agency (FHFA) has begun the process of restructuring the housing finance system and will soon be releasing multi-year targets...
MBA Urges Regulators To Adopt ‘Preferred Approach’ In Proposed QRM Rule
As was to be expected, the Mortgage Bankers Association has filed a letter with federal regulators urging them to adopt the 'preferred' approach...
Regulators: New QM Rules Not In Conflict With Fair Housing Laws
Discriminatory lending is a delicate issue, the legalities of which are complex, as the definition of 'discriminatory' is subjective and interpretations are wide-ranging....
Freddie Mac: Government Shutdown Slowed Housing Recovery
Following an unexpected drop in existing home sales in September, the housing recovery lost additional steam in early October due to the government...
JPMorgan To Pay $13 Billion To Settle Faulty Mortgage Claims
JPMorgan Chase & Co. has reportedly agreed to pay $13 billion to settle claims that it sold faulty mortgage backed securities (MBS) to...
Mega Banks Close To Meeting Settlement Obligations
The mega banks that were subjected to last year's $25 billion National Mortgage Settlement have made significant progress toward meeting their consumer relief...
CFPB Further Clarifies Mortgage Servicing Rules
The Consumer Financial Protection Bureau (CFPB) on Tuesday released a bulletin further clarifying its new rules pertaining to mortgage servicers. Specifically, the clarifications...
Robert Shiller, Who Predicted Housing Bubble, Wins Nobel Prize
Robert Shiller, the Yale professor whose work in economics led to the development of the S&P/Case-Shiller Index, a widely used measure of home...
Fannie Getting Ready To Commence Mortgage Risk-Sharing?
Fannie Mae is reportedly gearing up to sell its first notes tied to the risk of homeowner defaults. According to a Bloomberg News...
Common Securitization Platform One Step Closer To Reality
The creation of a common securitization platform for the mortgage industry took a giant step forward on Monday with the announcement from the...
Government Shutdown Having Minimal Effect On Lenders… For Now
The government shutdown has entered its third week, and it appears congressional leaders are possibly getting closer to hashing out a deal. The...
MBA’s David Stevens Calls On Congress To End Shutdown
With lenders unable to access important documentation needed to process and approve mortgage applications, the federal government shutdown could significantly stall the housing...
Does The FHA Really Need A ‘Bailout?’
News late last week that the Federal Housing Administration (FHA) will need a $1.7 billion Treasury draw to help shore up its reserves...
Fannie, Freddie, FHA/HUD ‘Open For Business’ Despite Shutdown
Despite the government shutdown, government-sponsored enterprises Fannie Mae and Freddie Mac are open for business. What's more, the Federal Housing Administration (FHA)/U.S. Department...
CoreLogic: Mortgage Application Income Fraud Risk Rose 13.3%
Income application fraud risk increased 7.5% in the second quarter, compared to the first quarter, and was up 13.3% compared to the second...
FHA To Tap Treasury For $1.7 Billion
The Federal Housing Administration (FHA) is requesting a $1.7 billion infusion of capital from the U.S. Treasury by Sept. 30 in order to...
FHFA Launches Campaign To Boost HARP Participation Rates
The Federal Housing Finance Agency (FHFA) has launched a new website and hired HGTV personality and Power Broker star Mike Aubrey to help...