The Pulse National Mortgage Professional Magazine

The Pulse

U.S. settles False Claims Act allegations against national home builder and mortgage lender
Beazer Homes USA Inc. has agreed to pay the United States $5 million, plus contingent payments of up to $48 million to be shared with victimized private homeowners, to resolve allegations that it, and Beazer Mortgage Corporation, were... Read more
Appraisal Institute calls on HUD to rescind mortgage regulation
The Appraisal Institute, the nation’s largest real estate appraisal association, has led a coalition of four organizations and 35,000 members calling on the U.S. Department of Housing and Urban Development (HUD) to rescind regulations... Read more
HUD announces expanded eligibility for Making Home Affordable financing
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent... Read more
NRMLA President Peter Bell testifies at Special Committee on Aging Hearing
U.S. Senator Claire McCaskill (D-MO) held a field hearing in St. Louis on behalf of the Special Committee on Aging to discuss regulations in the reverse mortgage program. The hearing focused primarily on counseling and misleading... Read more
HUD awards over $1 billion in Recovery Act funds to jump-start affordable housing construction sites in 26 states
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has announced that HUD is approving plans submitted by state housing finance agencies for $1,035,322,485 to jump start affordable housing programs in states throughout the... Read more
Agencies seek comment on proposed interagency guidance on funding and liquidity risk management
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration are issuing this... Read more
OCC and OTS release Mortgage Metrics Report for first quarter of 2009
Delinquencies and foreclosures on first-lien mortgages continued to increase during the first quarter of this year, but loan modifications also increased and the trend continued toward more sustainable modifications with lower monthly... Read more
FTC halts mortgage operation for misrepresentation of loss mitigation
At the request of the Federal Trade Commission, a federal court has halted a bogus mortgage foreclosure prevention operation that misrepresented both the “loss mitigation” services it offered and the earnings potential of the business... Read more
HR 2998 not the answer to a secure energy future says NAHB
American homebuyers deserve a more equitable solution than the American Clean Energy and Security Act as Congress moves to cut our nation’s energy use, says the National Association of Home Builders (NAHB). “The hard truth is that we can’t... Read more
Agencies issue interim final rule for mortgage loans modified under the Making Home Affordable Program
The federal bank and thrift regulatory agencies has invited public comment on an interim final rule that provides that mortgage loans modified under the U.S. Department of the Treasury's Making Home Affordable Program (MHAP) will retain... Read more