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Results: 141 Articles found.
Apr 27, 2016 12:30 PM

Report: CFPB Ability-to-pay Rule Goes Unused

The Consumer Financial Protection Bureau's Ability-to-Pay rule, which provides borrowers with increased protections against harmful lending practices, hasn't seen any borrower claims since its January 2014 launch, according to a report from ratings agency Fitch Ratings, MBA NewsLink reported April 20.​

 
Apr 27, 2016 12:30 PM

Treasury Allocates Additional $1B to Aid Struggling Homeowners

The U.S. Department of the Treasury announced April 20 that it would allocate $1 billion to help struggling homeowners in 13 states, HousingWire reported. An initial $1 billion previously was allocated to 18 states as part of Treasury's Hardest Hit Fund, which was created in 2010 to help stabilize neighborhoods​

 
Apr 13, 2016 12:30 PM

DOL Fiduciary Rule: Short-term Victory, Long-term Opportunity

The U.S. Department of Labor on April 6 released its final rule on "Conflicts of Interest" regarding advisors to retirement savings accounts. The Appraisal Institute views the rule as a victory for its professionals because all appraisal provisions were removed.

 
Apr 13, 2016 12:30 PM

Wells Fargo Reaches Largest Settlement in FHA History

Wells Fargo and the U.S. Department of Justice on April 8 reached a $1.2 billion settlement over claims the bank made about certain residential home mortgage loans being eligible for Federal Housing Administration insurance when they actually were ineligible, HousingWire reported.

 
Apr 06, 2016 12:30 PM

Lenders 'Pouring Money' into Affordable Housing

Banks are becoming "incredibly aggressive" when loaning money to affordable housing developers, and both Fannie Mae and Freddie Mac have greatly stepped up efforts in this sector, National Real Estate Investor reported March 30.

 
Apr 06, 2016 12:30 PM

Credit Suisse to Pay $29M over 'Toxic' MBS

Credit Suisse Group will pay more than $29 million to settle claims by U.S. regulators that it sold credit unions toxic mortgage-backed securities that eventually failed, Reuters reported March 24. The deal resolves one of several lawsuits against banks by the National Credit Union Administration over MBS sales.

 
Apr 06, 2016 12:30 PM

Court Rejects Banks' Efforts to Dismiss Rate-rigging Suit

A federal judge in Manhattan on March 28 squashed an attempt by 14 of the world's largest banks to dismiss a lawsuit that accused them of rigging an interest rate benchmark used in the $553 trillion derivatives market, Reuters reported.

 
Mar 30, 2016 12:30 PM

Idaho Enacts Comprehensive AMC Law

Idaho became the 39th state to enact a comprehensive appraisal management company registration and oversight law when Gov. Butch Otter signed SB 1318 on March 23. The law takes effect July 1, 2017.

 
Mar 30, 2016 12:30 PM

FHFA: Principal Reduction Is Most Challenging Issue

Federal Housing Finance Agency Director Mel Watt speaking March 21 in Washington said that principal reduction has been the most challenging issue he’s faced during his tenure and that the option could be “off the table entirely,” HousingWire reported.

 
Mar 30, 2016 12:30 PM

Indiana Governor Signs Evaluation Bill into Law

Indiana Gov. Mike Pence signed SB 300 into law March 21. The bill, which takes effect July 1, deals with who can perform evaluations for financial institutions. View a copy of SB 300.

 
 
Results: 141 Articles found.

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