Washington Post, Oct. 19, 2016–Harney, Kenneth R.
A decision last week by a federal appellate court is casting new light on practices in the real estate field that buyers and sellers often know little about: creative, under-the-table payoff schemes among realty brokers, mortgage lenders and title companies that can stifle market competition and raise settlement costs to consumers by hundreds or even thousands of dollars.
HousingWire, Oct. 19, 2016–Swanson, Brena
Nearly four months after the Consumer Financial Protection Bureau finished the final mortgage servicing rule, it has finally been published in the Federal Register.
Mortgage Orb, Oct. 19, 2016–Barnard, Patrick
A new report from TD Bank shows that the threat of a HELOC default tsunami is very real.
National Mortgage News, Oct. 23, 2016–Collins, Brian
As Rodrigo Lopez begins his term as chairman of the Mortgage Bankers Association, the Nebraska multifamily lender seeks to use the platform to embrace the challenges of improving diversity and technology throughout the industry, while remaining vigilant about the ever-changing regulatory landscape.
National Mortgage News, Oct. 21, 2016–Collins, Brian
The Mortgage Bankers Association and others are concerned that the CFPB wants to take a harder line and move away from its “diagnostic examination” approach, which recognizes the complexity of the rule changes.
USA Today, Oct. 21, 2016–McCoy, Kevin
The Justice Department plans to sue Moody’s over valuations the company assigned to mortgage-backed securities in the run-up to the nation’s financial crisis in 2008, the financial ratings giant said Friday.
Reuters, Oct. 21, 2016–Lash, Herbert; Wiltermuth, Joy
The shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick-and-mortar emporiums that many Americans no longer visit.
Wall Street Journal, Oct. 21, 2016–Vieira, Paul
Changes could see banks shoulder up to 10 percent of the losses related to house-loan defaults.
Scotsman Guide, Oct. 20, 2016–Whitman, Victor
The Mortgage Bankers Association and other industry trade groups asked the Consumer Financial Protection Bureau to go further in its cleanup of TRID.
Bloomberg, Oct. 24, 2016–Light, Joe
Lenders will get a reprieve from the threat of some mortgage-related penalties under a new program announced by housing-finance giant Fannie Mae on Monday.
