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Results: 124 Articles found.
Feb 04, 2015 12:30 PM

CFPB Proposes Expanded Rural Financing

The Consumer Financial Protection Bureau on Jan. 29 proposed several changes to its mortgage rules to expand lending in rural and other underserved areas. If finalized, the proposal would increase the number of financial institutions allowed to offer loans in those areas.

Feb 04, 2015 12:30 PM

Appraisals Blamed for Slow Closings on Auctioned Homes

A home auction program launched last May in Detroit met its goal of auctioning nearly 400 abandoned homes, but only one-third of the sales actually closed — a snag that’s being partly blamed on appraisals and the comparisons being used, The Detroit News reported Jan. 23.

Feb 04, 2015 12:30 PM

Court Rules Fannie, Freddie Lawsuits Can Proceed

The U.S. Court of Federal Claims on Jan. 28 rejected a bid by the federal government to delay a series of lawsuits filed by investors challenging the U.S. Department of the Treasury’s decision to take profits from now-profitable Fannie Mae and Freddie Mac, Bloomberg reported.

Jan 28, 2015 12:30 PM

Fannie Mae Program Addresses Hiring of Qualified Appraisers

Fannie Mae’s Collateral Underwriter, an automated quality assurance program that checks for aberrations in appraisal report data and analysis, was made available to mortgage lenders Jan. 26, underscoring the importance of hiring qualified appraisal review staff who can navigate CU messages, alerts and other issues, the Appraisal Institute reported.

Jan 14, 2015 12:30 PM

Barney Frank Worried GOP Will Gut Dodd-Frank Act

Former U.S. Rep. Barney Frank said he is concerned the new Republican Congress will water down key elements of the financial reform legislation he helped write, MarketWatch reported Jan. 6. Incoming Majority Leader Mitch McConnell, R-Ky., has said he wants to review Dodd-Frank with an eye toward amending some components.

Dec 03, 2014 12:30 PM

Freddie Mac Increases Access to Credit Risk Data

Freddie Mac is giving investors greater access to credit risk details by opening up loan-level actual loss data in an effort to improve transparency and increase confidence in its credit risk-sharing offerings, HousingWire reported Nov. 24.

Dec 03, 2014 12:30 PM

GSEs Will Let Foreclosed Borrowers Buy Back Homes

Government-sponsored enterprises Fannie Mae and Freddie Mac instituted a policy change that will allow borrowers who have gone through foreclosure to buy back their homes at market price, Bloomberg reported Nov. 25.

Dec 03, 2014 12:30 PM

BofA’s $16.65B Toxic Mortgage Settlement Approved

A record-setting settlement between Bank of America, the U.S. Department of Justice, other federal agencies and six states to resolve claims over allegedly toxic residential mortgage-backed securities was finalized, HousingWire reported Nov. 26.

Nov 26, 2014 12:30 PM

Fannie Mae Changes UCDP Proprietary Appraisal Messages

Fannie Mae announced on Nov. 18 changes to proprietary appraisal messages in the Uniform Collateral Data Portal that are designed to provide more information to lenders and help them identify potential defects during the appraisal review process.

Nov 26, 2014 12:30 PM

Watt Updates Congress, Challenged on Lack of Progress

In his first appearance before Congress as director of the Federal Housing Finance Agency on Nov. 19, Mel Watt gave the Banking, Housing and Urban Affairs Committee updates on Fannie Mae, Freddie Mac and the Federal Home Loan Banks, but he came under fire for not doing enough to help underwater homeowners, HousingWire reported.

Results: 124 Articles found.

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