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Landmark FHA reform legislation re-introduced

National Mortgage Professional
Aug 14, 2007

Bank of America offers mortgage for teachers and first respondersMortgagePress.comMortgage loans for teachers,first responders Bank of America has announced a mortgage program exclusively for police officers, firefighters, teachers and medical workers, called the Neighborhood Champions Protected Mortgage. The mortgage includes an insurance feature that will repay all or a portion of the borrower's outstanding mortgage balance (up to $300,000) in the event of accidental death, permanent paralysis or dismemberment. In the case of multiple borrowers, the insurance feature applies to the first two co-borrowers listed on the mortgage application. Bank of America is a commercial bank based in Charlotte, N.C. For more information, call (800) 900-9000 or visit
Aug 14, 2007
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Oct 08, 2021
Battling The ‘Giant Purple Snorklewacker’

The confirmation of Rohit Chopra as CFPB director has the mortgage industry anxious, but former MBA CEO David Stevens offers some advice: follow the rules.

Regulation and Compliance
Oct 08, 2021
The Compliance Contradiction

Staunch compliance stances often lead to contradictory actions.

Regulation and Compliance
Oct 06, 2021