Nancy Alley: Compliance To Drive Mortgage Technology Initiatives
PERSON OF THE WEEK: Nancy Alley is chief product officer for ISGN, a provider of mortgage technology and services. Prior to joining ISGN,...
House Financial Services Committee Approves PATH Act
The House Financial Services Committee on Wednesday narrowly approved the Protecting American Taxpayers and Homeowners (PATH) Act, a Republican-backed housing finance reform bill...
Bill Reintroduced To Protect Americans From ‘Abusive Government Takings’
In reaction to proposals floated in numerous municipalities to use eminent domain to seize underwater mortgages, Rep. John Campbell, R-Calif., has reintroduced the...
Most Mortgage Servicers’ Customer Satisfaction Scores Improving
Reforms instituted as a result of the National Mortgage Settlement as well as through the Consumer Financial Protection Bureau (CFPB) helped drive an...
CoreLogic Buys BofA’s Flood Zone Determination And Tax Processing Services Assets
Residential property information, analytics and services provider CoreLogic has purchased Bank of America's (BofA) flood zone determination and tax processing services assets. In...
Cordray Confirmed As Director Of The CFPB
After averting a showdown that risked political gridlock, the U.S. Senate on Tuesday appointed Richard Cordray to head the Consumer Financial Protection Bureau...
Senate Banking Committee Confirms Mel Watt To Head FHFA
By a 12-10 party line vote, the Senate Banking Committee on Thursday approved the nomination of Rep. Mel Watt, D-N.C., to head the...
Bill Robinson: Title Insurance Industry Needs Better Data Security Standards
PERSON OF THE WEEK: William Robinson is president of Michigan-based Attorneys Title Agency (ATA), a full-service title agency providing comprehensive services to companies...
Sens. Johnson, Crapo Introduce Draft Bill To Improve FHA’s Finances
After reconciling their differences on the proposed legislation last week, Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, and Sen. Mike...
MBA Keeps Pushing For Secondary Market Reforms
David Stevens, president and CEO of the Mortgage Bankers Association (MBA), is scheduled to testify before the House Financial Services Committee this Thursday,...
CFPB Finalizes Clarifications To Mortgage Rules
The Consumer Financial Protection Bureau (CFPB) recently finalized clarifications to Truth in Lending Act and Real Estate Settlement Procedures Act (RESPA) rules. The...
House Republicans Intro Alternate Proposal To Liquidate Fannie, Freddie
A housing finance reorganization bill introduced in the House of Representatives Thursday would liquidate government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, replacing...
Jim Gallagher: Impact Of CFPB’s QM Rules Largely Unknown
PERSON OF THE WEEK: Jim Gallagher is senior vice president of Wingspan Portfolio Advisors, a Dallas-based diversified mortgage services company. In addition, he...
Fairholme Funds Sues U.S. Government Over Fannie, Freddie Profits
A day after hedge fund Perry Capital LLC filed a similar action in federal court, mutual fund Fairholme Funds Inc. on Tuesday filed...
Hedge Fund Sues U.S. Treasury Over Plans To Liquidate Fannie, Freddie
Perry Capital, one of the hedge funds that invested in shares of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, has reportedly filed...
Fed Approves New Rules Requiring Banks To Set Aside More Capital
The Federal Reserve Board on Tuesday approved new rules requiring banks to set aside more capital to help protect against losses in the...
Fannie, Freddie Have Kept 2.3 Million Americans Out Of Foreclosure
Using a mix of prevention strategies, government-sponsored enterprises Fannie Mae and Freddie Mac managed to keep more than 130,000 borrowers out of foreclosure...
Mat Ishbia: Regulatory Changes ‘Positive … For The Most Part’
PERSON OF THE WEEK: Mat Ishbia is president of United Wholesale Mortgage (UWM) and CEO of United Shore Financial Services (USFS). A veteran...
FHFA Nominee Watt Gets Grilled By Senate Banking Committee
Congressman Mel Watt, D-N.C., President Obama's nominee to head the Federal Housing Finance Agency (FHFA), reportedly told members of the Senate Banking Committee...
Report: Tight Credit Is Slowing Housing Recovery
Tight credit, particularly for young people, is hindering the housing recovery, according to research published at the Joint Center For Housing Studies at...