Headlines and Blogs from Around the Web
More than 40 organizations in California are calling on the Consumer Financial Protection Bureau (CFPB) to bring greater transparency to the Home Mortgage Disclosure Act (HMDA) to address a variety of proposals, including those related to non-borrowing reverse mortgage spouses.
More than a year ago, mortgage interest rates shot up when the Federal Reserve signaled it might scale back a program designed to pump money into the ailing economy.
Saying that labor market conditions have improved, unemployment is down, household spending is up and that inflation has held below 2%, the Federal Reserve has decided to complete the wind-down of its quantitative easing bond-buying program designed to prop up the U.S. economy.
A group of funds that threw a monkey wrench in Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage-backed securities will object to JPMorgan Chase & Co's $4.5 billion offer to settle claims over similar investments, according to the lawyer that represents them.
Homeowners seeking relief through a 2008 bailout program face difficulty when their mortgage changes servicers, a report shows.
The U.S. homeownership rate has fallen to a 19-year low. Why?
Mortgage rates were almost universally sideways today with very few lenders changing rate sheets noticeably from yesterday.
"Bankruptcy? Repossession? Charge-offs? Buy the car YOU deserve," says the banner at the top of the Washington Auto Credit website. A stock photo of a woman with a beaming smile is overlaid with the promise of "100% guaranteed credit approval".
In a report that is essentially a review of recent enforcement actions, the Consumer Financial Protection Bureau (CFPB) says it recently uncovered some violations of its mortgage servicing rules at an unspecified number of servicing shops.
Mortgage servicing giant Ocwen Financial is leaning on outside PR and IR support after New York State's Dept. of Financial Services said it uncovered "serious issues" with the company, including backdating of letters to borrowers about loan modifications and foreclosures.
The Federal Reserve is expected to say Wednesday it's ending its five-year-old bond-buying program, known as quantitative easing, this month.
The end of the Federal Reserve’s third round of bond purchases is proving to be a non-event for mortgage-backed debt.
Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans -- the fastest growing part of the market.
A final piece of Bank of America Corp (BAC:US).’s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission, said four people familiar with the case.
“Bankruptcy? Repossession? Charge-offs? Buy the car YOU deserve,” says the banner at the top of the Washington Auto Credit website. A stock photo of a woman with a beaming smile is overlaid with the promise of “100% guaranteed credit approval”.
Would living next to a graveyard give you chills? Would you rather move in with a girlfriend or a ghoul friend? What about if a poltergeist was wreaking havoc on your home — how much would you pay to exorcise the demons?
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.