Quality Mortgage Services: Loan Quality Continues To Improve
Pristine. That's one of many positive words that have been used to describe the quality of the mortgage loans originated during the second...
FHFA: GSE Loan Limits Will Not Change In 2014
This past summer, Edward DeMarco, director of the Federal Housing Finance Agency (FHFA), announced that the FHFA was considering reducing the maximum size...
Brent Taggart: REO-To-Rental Securitization Is Here
PERSON OF THE WEEK: Brent Taggart is senior vice president of the client management group at real estate owned (REO) asset management firm...
Following Senate Vote On Filibuster Rules, Watt Poised For Confirmation
Mel Watt, President Barack Obama's pick to replace Edward DeMarco as director of the Federal Housing Finance Agency (FHFA), is now poised to...
New ‘Know Before You Owe’ Mortgage Forms Finalized
The Consumer Financial Protection Bureau (CFPB) has issued the final versions of its new 'Know Before You Owe' mortgage forms that lenders will...
JPMorgan, Department Of Justice Finalize $13 Billion Settlement
JPMorgan Chase and the U.S. Department of Justice (DOJ) on Tuesday finalized a $13 billion settlement over alleged 'faulty' mortgage-backed securities (MBS) the...
JPMorgan Agrees To Settle Investor Claims For $4.5 Billion
JPMorgan has reportedly reached a $4.5 billion settlement with a group of investors over claims that the bank sold them faulty residential mortgage-backed...
Geithner Joins Private Equity Firm Warburg Pincus As President
Former U.S. Treasury secretary Timothy Geithner has agreed to join New York-based private equity firm Warburg Pincus as president, the company announced on...
CFPB Takes Action Against Mortgage Insurer
The Consumer Financial Protection Bureau (CFPB) is fining Republic Mortgage Insurance Corporation (RMIC) for allegedly paying illegal kickbacks to mortgage lenders in exchange...
Safeguard Files Motion To Dismiss
Property management company Safeguard Properties has filed a motion in court to dismiss a lawsuit brought by Illinois Attorney General Lisa Madigan accusing...
Federal Prosecutors Seek Maximum Penalty For BofA In Mortgage Fraud Case
Federal prosecutors have reportedly requested that Bank of America pay the maximum penalty of $863 million to compensate for when its Countrywide unit...
Hensarling: GSEs Haven’t Repaid ‘One Thin Dime’ To Taxpayers
Rep. Jeb Hensarling, R-Texas, chair of the House Financial Services Committee and lead architect of the Protecting American Taxpayers and Homeowners (PATH) Act,...
Castle & Cooke To Pay $13 Million To Resolve CFPB Complaint
Castle & Cooke Mortgage will pay a $13 million fine, including $9 million to compensate mortgage borrowers, to resolve a complaint brought by...
Narayan Bharadwaj: Technology And Risk Management Go Hand-In-Hand
PERSON OF THE WEEK: Narayan Bharadwaj is business head at Wipro Gallagher Solutions, a provider of end-to-end technology solutions to mortgage lenders. MortgageOrb...
Ally’s Mortgage Business Now In ‘Rearview Mirror,’ Says CEO
Ally Financial Inc., one of the largest U.S. lenders, has closed the book on its mortgage business, Bloomberg News reports. Jeff Brown, senior...
First-Time Home Buyers On The Decline, NAR Survey Reveals
Rising interest rates, increasing home prices, a weak jobs market and stricter lending standards continue to push many first-time home buyers out of...
Watt’s Confirmation Blocked In Senate; Reid Vows To Try Again
Senate Republicans on Thursday blocked the confirmation of Mel Watt as director of the Federal Housing Finance Agency (FHFA), thus delivering a blow...
ISGN’s Amit Kothiyal: Home Equity Lending Will Rise In 2014
PERSON OF THE WEEK: Amit Kothiyal is CEO of ISGN, an end-to-end provider of mortgage technology and services. MortgageOrb interviewed Kothiyal to learn...
JPMorgan Settlement Hinges On Criminal Charges
Settlement talks between JPMorgan Chase and the U.S. Department of Justice regarding the bank's sale of 'faulty' mortgage-backed securities (MBS) and loans to...
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...