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MBA Launches TRID Resource for Consumers and Lenders
The Mortgage Bankers Association launched a set of resource guidelines to educate both consumers and lenders and their business partners needing to comply with the new "Know Before You Owe" or TILA/RESPA Integrated Disclosure regulations that will go into effect on Oct. 3.
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Industry Groups Call on Regulators for TRID Exam Guidance
Nearly 20 trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide guidance on how they plan to enforce a new mortgage disclosure regime that goes into effect Oct. 3.
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Freddie Mac Makes It Easier to Get a Mortgage Modification
According to a bulletin sent by Freddie Mac to its servicers on Wednesday, Freddie Mac is making several changes to its guidelines for standard and streamlined modifications.
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MGIC: Primary New Mortgage Insurance Slips to $4B
Primary new mortgage insurance slipped to $4 billion, according to MGIC Investment's August operational summary of its insurance subsidiaries for its primary mortgage insurance slightly down from $4.5 billion in July and June.
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Senate Push to Jumpstart GSE Reform Goes Nowhere Fast
Sen. Bob Corker's, R-Tenn., "Jumpstart GSE Reform" package would reverse the recent Fannie Mae and Freddie Mac CEO compensation increase and prohibit the U.S. Treasury from selling or otherwise disposing of its shares in the government-sponsored enterprises without Congressional consent. The bill was fast-tracked in the Senate, but now Sen. Sherrod Brown, D-Ohio, reportedly placed hold on the package.
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Senator Warren Said to Pull Support for Fannie Shareholder Bill
Sen. Elizabeth Warren, D-Mass., is withdrawing her support for a Republican bill that had been on the fast track to bar the Treasury Department from selling Fannie Mae and Freddie Mac preferred shares.
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