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Results: 465 Articles found.
Sep 30, 2015 12:30 PM

Cordray Signals 'Hold-Harmless' Period for TRID Compliance

Consumer Financial Protection Bureau Director Richard Cordray delivered his semi-annual report to the House Financial Services Committee Sept. 29, signaling that financial regulators are working on guidance for a "hold-harmless" period to facilitate compliance with TILA-RESPA integrated disclosures that take effect Oct. 3, the ABA Banking Journal reported.

 
Sep 30, 2015 12:30 PM

Fed: Dodd-Frank Not Hurting Mortgage Access

Qualified mortgage rules that took effect January 2014 and were mandated by the Dodd-Frank Act have had little effect on consumers' ability to get a mortgage, according to a Federal Reserve review of mortgage disclosure data, MarketWatch reported Sept. 22.

 
Sep 30, 2015 12:30 PM

Freddie Offers Rebate to Multifamily Borrowers with Energy Star Score

Freddie Mac announced on Sept. 15 a new program to help increase the energy efficiency of multifamily properties by offering a rebate on new mortgages for borrowers who voluntarily submit an Energy Star Score with their loan documents.

 
Sep 23, 2015 12:30 PM

Fed Keeps Benchmark Interest Rate Unchanged

The Federal Reserve decided Sept. 17 to keep its benchmark interest rate unchanged due to global economic weakness and financial market uncertainty, USA Today reported. During the run-up to the meeting, economists had heated debates about whether the central bank would raise the rate, which has been near zero since 2008.

 
Sep 23, 2015 12:30 PM

IRS Issues Guidance on REITs

The Internal Revenue Service, worried that companies increasingly are creating real estate investment trusts to avoid taxes, announced Sept. 15 that it would stop pre-approving deals and issued new guidance stating that REITs must have a legitimate business purpose, GlobeSt.com reported.

 
Sep 23, 2015 12:30 PM

CFPB Rule Increases Credit Access in Rural and Underserved Areas

The Consumer Financial Protection Bureau on Sept. 21 announced a new rule that will increase the number of financial institutions able to provide mortgages in rural and underserved areas, and gives lenders time to adjust their business practices to comply with the rules, which take effect Jan. 1.

 
Sep 16, 2015 12:30 PM

Freddie Changes Mortgage Modification Rules

Freddie Mac announced Sept. 9 that it's changing its guidelines for standard and streamlined modifications so more borrowers can qualify, HousingWire reported. Freddie also said it was changing eligibility rules for MyCity modification programs, which are designed to help stabilize communities hit hard by the housing crisis

 
Sep 16, 2015 12:30 PM

Gap Expands Between Homeowner, Appraiser Opinions

The gap between homeowner and appraiser opinions of property values increased for the seventh consecutive month, mortgage lender Quicken Loans reported Sept. 8 in its Home Price Perception Index. The discrepancy was attributed to homeowners assuming home values have been steadily increasing.

 
Sep 16, 2015 12:30 PM

Fannie, Freddie add UCDP Appraisal-sharing Functionality

Fannie Mae and Freddie Mac announced Sept. 8 that they will implement new appraisal-sharing functionality within the Uniform Collateral Data Portal during the first quarter of 2016. The feature will allow correspondent lenders to share appraisal information within the UCDP with their aggregators.

 
Sep 09, 2015 04:14 PM

Credit Suisse Ordered to Pay $287.5M over Flawed Appraisal

A Texas court found that Credit Suisse used a flawed appraisal to "dupe" private equity firm Highland Capital Management into refinancing a Las Vegas-area development that ultimately went bankrupt, Bloomberg reported Sept. 4. Credit Suisse was ordered to pay Highland Capital Management $287.5 million for losses it suffered.

 
 
Results: 465 Articles found.

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