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Results: 133 Articles found.
Jan 06, 2016 12:30 PM

Initial TRID Enforcement Actions Corrective, Not Punitive

The Consumer Financial Protection Bureau said it viewed the first months of implementation of its RESPA/TILA Integrated Disclosure rule as "corrective and diagnostic, rather than punitive," noting concern that investors may be rejecting TRID loans for minor errors, MBA NewsLink reported Jan. 4.

Jan 06, 2016 12:30 PM

Court Dismisses Quicken Loans Lawsuit against DOJ

A federal judge on Dec. 31 dismissed a lawsuit that Quicken Loans filed against the U.S. Department of Justice that alleged the company was being forced to make false admissions about and pay a big settlement over its mortgage lending and underwriting practices, Reuters reported.

Dec 16, 2015 12:30 PM

Report: Gap between Appraiser, Homeowner Opinions Continues to Decline

The difference between appraiser and homeowner opinions of home value shrank for the third consecutive month, but the November Home Price Perception Index released Dec. 8 by Quicken Loans is the 10th consecutive index in which homeowners' expectations of value exceeded appraisers' opinions of value.​

Dec 16, 2015 12:30 PM

Report: Most New Mortgage Loans Have TRID Violations

A review of new mortgage loans revealed that more than 90 percent showed compliance violations with the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule, according to a Dec. 10 report from Moody's Investors Service, HousingWire reported.

Dec 16, 2015 12:30 PM

FHA to Increase Some Loan Limits in 2016

The Federal Housing Administration announced Dec. 9 that it will raise loan limits in 188 counties in 2016, HousingWire reported. However, loan limits in "high-cost" areas will remain at the national ceiling of $625,500 and limits for "low-cost" areas will stay at $271,050.

Dec 09, 2015 12:30 PM

Quicken Loans May Ditch FHA Loan Program

Quicken Loans is considering leaving the Federal Housing Administration's first-time homebuyer program after voicing concerns about the FHA's methods for resolving unpaid loan obligations, Reuters reported Dec. 2. Quicken joins JPMorgan Chase, Bank of America and Wells Fargo in voicing frustration with the program.

Dec 09, 2015 12:30 PM

HUD Warns of Fraudulent, Inflated Reverse Mortgage Appraisals

The Office of the Inspector General for the U.S. Department of Housing and Urban Development on Nov. 30 warned of fraudulent appraisals being used to boost loan amounts for the refinancing of HUD's Home Equity Conversion Mortgages, HousingWire reported. Some appraised values were inflated by 60 to 100 percent more than actual market values.

Dec 09, 2015 12:30 PM

Fed Restricts 'Too Big To Fail' Bailouts

The Federal Reserve Board of Governors on Nov. 30 approved a final rule restricting its emergency lending program from bailing out troubled financial institutions, HousingWire reported. The Fed will cease financial support to specific companies, and will only consider emergency lending for "broad-based" issues impacting larger market concerns.

Dec 02, 2015 12:30 PM

FHFA: Few Changes to 2016 Conforming Loan Limits

The Federal Housing Finance Agency announced Nov. 25 that conforming loan limits will remain at $417,000 for loans acquired by Fannie Mae and Freddie Mac in most of the U.S. in 2016, HousingWire reported. The limit will rise in 39 “high-cost” counties, including some in California, Massachusetts, Colorado and Washington.

Dec 02, 2015 12:30 PM

Survey: Lending Not Delayed by TRID

Concerns about lending delays caused by the TILA-RESPA Integrated Disclosures Rule that took effect in October appear unfounded, according to a Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, HousingWire reported Nov. 23. The total average closing time for most loan types remained relatively unchanged between September and October.

Results: 133 Articles found.

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