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Results: 87 Articles found.
Jul 23, 2014 05:00 PM

CFPB Wants to Publicize Consumer Complaints

The Consumer Financial Protection Bureau has proposed a policy that would allow consumers to publicize their complaints about financial products and services — including mortgages, HousingWire reported July 16.

 
Jul 23, 2014 05:00 PM

Illinois Considers Bill to Clarify BPOs, CMAs

Legislation that would clarify several aspects of an Illinois law governing broker price opinions and comparative market analyses has passed the state legislature and currently is under consideration by Gov. Pat Quinn, the Appraisal Institute reported July 21.

 
Jul 16, 2014 12:30 PM

Senate Confirms Julian Castro as HUD Secretary

The Senate on July 9 confirmed San Antonio Mayor Julian Castro as the new secretary of the U.S. Department of Housing and Urban Development by a 71-26 vote, HousingWire reported.

 

Fed Defends Settlement with Banks over Foreclosures

In a July 7 report, the Federal Reserve defended its decision to halt its review of banks’ foreclosure practices last year in favor of a general $9.3 billion settlement to reimburse borrowers who may have wrongly experienced foreclosure, The Wall Street Journal reported.

 
Jul 16, 2014 12:30 PM

Citigroup Settles Mortgage Probe, Pays Record Penalty

Citigroup will pay $7 billion to resolve claims it misled investors who purchased shoddy mortgage-backed securities that helped lead to the financial crisis six years ago, Reuters reported July 14. The deal includes the largest civil fraud penalty ever levied by the U.S. Department of Justice.

 
Jul 09, 2014 12:30 PM

FHFA: Nonbank Mortgage Servicers Lack Sufficient Funds, Pose Financial Risk

The Federal Housing Finance Agency said that nonbank mortgage servicers that process payments on delinquent loans may lack sufficient funding and could pose a financial risk for Fannie Mae and Freddie Mac, which guarantee the mortgages, The Wall Street Journal reported July 1.

 
Jul 09, 2014 12:30 PM

Fed Chair Urges Stronger Regulation

Federal Reserve Chair Janet Yellen said in a July 2 speech to the International Monetary Fund in the District of Columbia that she thinks stronger regulation is necessary to preserve financial stability, and that raising interest rates would be a second line of defense and unnecessary at this time, The New York Times reported.

 
Jul 09, 2014 12:30 PM

Report: Property Valuation Fraud Risk Rises Nationwide

Property valuation fraud risk increased during the first quarter, and indicators suggest that the rise of properties being appraised well above traditional valuation thresholds in order to create “equity” is a contributing factor, analytics firm Interthinx reported July 2 in its 1Q 2014 Valuation Fraud Risk Index.

 
Jul 02, 2014 12:30 PM

New Bill Changes Louisiana Appraisers Law, Board

Louisiana Gov. Bobby Jindal signed into law a new bill that takes effect Aug. 1 and makes multiple changes to the state's Real Estate Appraisers Law, including provisions related to examination applications, experience review and license renewal and continuing education requirements, among others, Valuation Review reported.

 
Jul 02, 2014 12:30 PM

Hawaii Mandates Transparency for Appraisers Acting as Arbitrators

An alleged "lack of openness and transparency" in the oversight of appraisers who act as arbitrators led Hawaii lawmakers to enact legislation that took effect July 1 that requires arbitration awards, records of award and related supporting materials to be public records, Valuation Review reported.

 
 
Results: 87 Articles found.

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