Mortgage Compliance Magazine, October, Page 31–Stevens, David
MBA President and CEO David Stevens addressed an audience of 900+ of the nation’s Regulatory Compliance Professionals and other industry professionals at the MBA Regulatory Compliance Conference that was held at Grand Hyatt Hotel in Washington, D.C.
HousingWire, Oct. 6, 2015–Garrison, Trey
Seven years after Fannie Mae and Freddie Mac were placed into conservatorship, there is still a lack of consensus on how to reform the GSEs.
Reuters, Oct. 7, 2015–Freed, Dan
JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky.
New York Times, Oct. 6, 2015–Goldstein, Matthew; Abrams, Rachel
The rapid growth of Caliber Home Loans, a mortgage company owned by the private equity giant Lone Star Funds, has led to a surge in consumer complaints. Now it has led to regulatory scrutiny of Caliber’s business practices.
Cincinnati Enquirer Oct. 6, 2015–Coolidge, Alexander
Fifth Third admitted on Tuesday it improperly certified more than 1,400 mortgage loans it knew were defective as eligible for Federal Housing Administration insurance, costing taxpayers millions. Now, the Cincinnati-based regional bank will pay $85 million to settle a civil fraud claims, federal authorities said Tuesday.
HousingWire, Oct. 6, 2015–Lane, Ben
Both Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods in South Carolina.
Housingwire, Oct. 2, 2015–Garrison, Trey
During the second quarter, multifamily mortgage debt outstanding topped $1 trillion for the first time, according to the Mortgage Bankers Association.
New York Times, Oct. 2, 2015–Carrins, Ann
Beginning Saturday, applicants for most home mortgages will receive new forms from their lender that are intended to make it easier to review and compare loan offers. Along with the updated forms, new rules aimed at simplifying the borrowing process for consumers will also take effect.
Washington Post Writers Group, Oct. 2, 2015–Harney, Kenneth R. Americans are tapping into their home equity at a pace not seen since the housing bubble aftermath nearly a decade ago, but here’s a key question: Is all this borrowing getting a little too frothy?
HousingWire, Oct. 1, 2015–Garrison, Trey
The House Financial Services Committee approved several bipartisan bills they say are designed to potentially protect consumers, reform the Consumer Financial Protection Bureau and cut regulations.
