Headlines and Blogs from Around the Web
Credit-rating firms, whose lapses played a central role in the 2008 financial crisis, will face new restrictions on conflicts of interest under rules set to be adopted by the U.S. Securities and Exchange Commission.
The total U.S. foreclosure presale inventory rate fell to 1.85% of all homes with a mortgage in July - a decrease of 1.65% compared to June and a decrease of 34.44% compared to July 2013, according to Black Knight Financial Services' "First Look" report.
A bill introduced last month before a Senate subcommittee would shield certain financial institutions with less than $50 billion of total assets from examination and reporting requirements of the Consumer Financial Protection Bureau (CFPB).
Some of the country's largest financial institutions say Lehman Brothers Holdings Inc. needs to set aside $12.14 billion to settle claims over certain soured mortgage loans, more than double what the failed investment bank has currently set aside for the dispute.
The Obama administration announced a new program Tuesday to make it easier for active-duty servicemen and servicewomen to afford homes.
To address outstanding questions regarding the new mortgage rules that took effect in January 2014, CFPB staff provided non-binding, informal guidance in a webinar hosted by the American Bankers Association (ABA).
In an apparent case of mistaken identity, Deutsche Bank is hitting some roadblocks in its efforts to void a loan modification it claims resulted in a $125,000 discount on the wrong homeowners' outstanding mortgage.
Dropping from the previous month’s growth, both reverse mortgage retail volume and wholesale/broker volume were down in June, at 9% and 5.2% declines respectively, the latest Reverse Market Insight (RMI) report shows.
Financial stability after alimony has been depleted can be a worrisome time. This week, we look at a divorced woman who is trying to get a better understanding of her finances.
Here's how the FBI puts it (not legal advice?): It's "some type of material misstatement, misrepresentation, or omission relating to a real estate transaction which is relied on by one or more parties to the transaction."
It's been more than three years since Lee Farkas went to jail for mortgage fraud. Even today, not enough is being done to prevent a similar scheme from happening in the mortgage market again, a new report warns.
Overall, the financial situation didn’t change materially between the April and June Federal Open Market Committee (or FOMC) meetings. The Fed gets rough data on Treasury trading from primary dealers through its Desk Survey.
Before implementation of the Consumer Financial Protection Bureau's Qualified Mortgage (QM) and ability-to-repay rules, many industry analysts expressed concerns over the ultimate impact of these rules on mortgage lending and access to credit.
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.