Wall Street Journal, Apr. 7, 2016–Mitchell, Josh
More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.
Forbes, Apr. 6, 2016–Razin, Ely
We can reasonably expect MetLife’s commercial real estate lending to increase in the medium-to-long term by reducing the government-imposed capital requirements required of systemically important financial institutions.
Housing Wire, Apr. 6, 2016–Barraza, Cynthia
After the Consumer Financial Protection Bureau finalized the TILA-RESPA Integrated Disclosure in Oct. 3, 2015, credit unions reportedly began experiencing delays closing home loans, according to data compiled from research firm Callahan & Assocs.
Wall Street Journal, Apr. 6, 2016–Martin, Anya
When home buyers go to the closing, it’s unlikely they’re thinking about what happens if they die before their mortgage gets paid off.
Bloomberg, Apr. 5, 2016–Schoenberg, Tom
Stuart Delery, the Justice Department official overseeing civil investigations of banks for conduct related to the financial crisis, is stepping down April 14 to explore options in the private sector.
Minnesota Public Radio, Apr. 5, 2016–Moylan, Martin
Minneapolis Federal Reserve President Neel Kashkari believes not enough has been done to protect the country should one or more of the nation’s megabanks face failure.
National Mortgage Professional, Apr. 8, 2016–Hall, Phil
At a hearing before the Senate Banking Committee, Mortgage Bankers Association Senior Vice President of Legislative and Political Affairs Bill Killmer urged the CFPB to provide clear “rules of the road” whenever it plans to create new rules or to update both existing guidelines and the interpretations of longstanding policies.
Reuters, Apr. 9, 2016–Stempel, Jonathan
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice lawsuit.
HousingWire, Apr. 8, 2016–Lane, Ben
In a letter to Federal Housing Finance Agency Director Mel Watt, New York Attorney General Eric Schneiderman joins the chorus calling for Fannie Mae and Freddie Mac to reduce the mortgage balances of struggling borrowers.
Bloomberg, Apr. 11, 2016–Schoenberg, Tom
Goldman Sachs Group Inc. will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren’t properly vetted before being sold to investors as high-quality bonds.
