Headlines and Blogs from Around the Web
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.
Although the Toronto Film Festival is known for its flashy premieres, it also gives smaller, independent films a platform for sales of North American distribution rights.
A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against allowing Howard access to 800,000 pages of discovery documents.
One resounding theme of the Foreclosure Lab at the Five Star Conference on Monday was clear – throwing compliance into the equation has made the foreclosure process way more complicated than it used to be because the industry is so much more regulated than it was as recently as five years ago before the passage of the Dodd-Frank Act.
A new study by Wells Fargo & Co., the nation's largest home mortgage lender, suggests that consumers' misconceptions about mortgage requirements are keeping them from buying homes.
It is now common knowledge that you are leaving your HUD/FHA position for a professorship at University of California, Berkeley by the year's end, and I want to thank you for your service and for your many accomplishments as federal housing chief since 2012 and in your previous roles at HUD since 2009.
Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co (WFC.N), the largest U.S. mortgage lender.
The head of the Consumer Financial Protection Bureau on Wednesday previewed the next set of mortgage-related regulations coming down the pike, putting the financial industry on notice that compliance is expected by next summer.
Treasury yields have risen quite a bit in the last couple of weeks but mortgage rates remain camped out near 2014 lows.
The House Judiciary Committee approved bipartisan legislation that is aimed at speeding up the bankruptcy process and preventing taxpayers from taking the hit in the event of the failure of large financial institutions.
Consumers who’ve had credit challenges due to medical debt will soon be getting some relief. Fair Isaac Corporation, creator of the FICO score, the most widely-used and influential credit scoring system, recently announced a new version of its credit scoring system which will differ substantially from prior versions.
Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out consumers who are underwater on their mortgages, many of whom face crushing federal tax bills if they accept — or have already accepted — principal reductions by their lenders?
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.