FTC targets mortgage companies in violation of safeguards rule – NMP Skip to main content

FTC targets mortgage companies in violation of safeguards rule

National Mortgage Professional
Jun 30, 2008

Housing package bill passes SenateMortgagePress.comSenate, housing, foreclosures, FHA, GSEs, tax relief On July 11, the United States Senate passed a $300 billion housing package. The legislation now returns to the House of Representatives as the two bodies attempt to reconcile the differences between their respective housing plans. Key components of the Senate bill include: • Federal Housing Administration (FHA) reform; • Tax relief for homeowners; • $300 billion for a mortgage refinance program to assist borrowers at risk of foreclosure into affordable loans; • Creation of a new regulator to oversee Fannie Mae and Freddie Mac; • $10 billion in additional mortgage-revenue bonds; and • $150 million in additional housing counseling funding. Senate Banking Committee Chairman Chris Dodd, one of the architects of the legislation, is hopeful that the House and Senate will quickly resolve inconsistencies between their versions of the bill, (such as funding for community development block grants and differences related to Fannie Maes and Freddie Mac's loan size limits and portfolios), in order to present the legislation to President Bush.
Jun 30, 2008
Georgia Governor Signs New Mortgage Licensing Law

Lessens impact on hiring of out-of-state employees with criminal records

Regulation and Compliance
May 10, 2022
10,000 NAHB Members Sign Letter To Biden Seeking Housing Market Help

The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.

May 02, 2022
Pending Home Sales Fall Again

Pending home sales fell for the fifth consecutive month, according to the National Association of Realtors pending home sales index.

Regulation and Compliance
Apr 27, 2022
CFPB Invokes Dormant Authority To Examine Nonbank Companies

Bureau seeking comment on updated procedures

Regulation and Compliance
Apr 25, 2022
FHA Adds 40-Year Loan Modification To Loss Mitigation Options

Joins GSEs, NCUA, & USDA in offering the option.

Regulation and Compliance
Apr 20, 2022
22 AGs Call For Eliminating Mortgage Convenience Fees

Coalition claims fees are nothing more than double payments for services.

Regulation and Compliance
Apr 13, 2022