NAHB: Congress should encourage home energy efficiency with tax cuts and incentives

Apr 26, 2009

MBA releases Federal Home Loan Bank Membership Eligibility Guide MortgagePress.comMortgage Bankers Association, Federal Home Loan Bank Membership Eligibility: A Guide for Mortgage Bankers, FHLBank The Mortgage Bankers Association has released a new paper titled, Federal Home Loan Bank Membership Eligibility: A Guide for Mortgage Bankers. The guide provides an overview of the Federal Home Loan Bank (FHLBank) System, and describes the products and services FHLBanks offer their members. The guide also describes the various corporate arrangements that could provide mortgage banks access to the FHLBank Systems funding channels. A copy of Federal Home Loan Bank Membership Eligibility: A Guide for Mortgage Bankers may be found here. For more information, visit www.mortgagebankers.org.

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National Mortgage Professional

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Apr 26, 2009

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....