Shopping Cart
Welcome,   My Account

AI News

Category:
Results: 129 Articles found.

HUD Finalizes Changes on FHA-insured ARMs, Prepayments

The U.S. Department of Housing and Urban Development finalized on Aug. 26 two new rules for Federal Housing Administration-insured adjustable-rate mortgages, with one focused on how ARMs are adjusted and the other on post-payment interest charges on single-family FHA mortgages.

 
Aug 27, 2014 12:30 PM

Study: Utah Lenders Pay Higher Fees for Complex Appraisals

Mortgage lenders are willing to pay higher fees based on complexity of an appraisal assignment, not on the appraiser’s experience and education; however, appraisers who have a professional designation are more likely to be hired, according to a study conducted by the Utah Association of Appraisers on customary and reasonable fees and released on Aug. 13.

 
Aug 27, 2014 12:30 PM

Bank of America Pays Record Fine for Faulty RMBS

Bank of America will pay a record $16.65 billion penalty in the largest civil settlement ever between a single entity and the federal government, USA Today reported Aug. 21.

 
Aug 27, 2014 12:30 PM

Congress Challenges Fed Bailout Procedures

Lawmakers sent a letter to Federal Reserve Chair Janet Yellen in which they requested she rewrite the Fed’s proposed rule on bailing out banks considered “too big to fail,” HousingWire reported Aug. 18.​

 
Aug 20, 2014 12:30 PM

CFPB Fines Lender, AMC for Inflated Appraisal Fees

The Consumer Financial Protection Bureau announced Aug. 12 that it fined mortgage lender Amerisave Mortgage Corp., its affiliate, Novo Appraisal Management Company, and the organizations’ collective owner, Patrick Markert, $19.3 million for allegedly luring prospective borrowers with misleading interest rates and trapping them with inflated appraisal fees.

 
Aug 20, 2014 12:30 PM

Fannie Mae: 80 Percent of Lenders Avoid Non-QM Loans

The Consumer Financial Protection Bureau’s Qualified Mortgage and Ability-to-Repay mortgage regulations that took effect in January have had little impact on lenders’ strategies so far, but most anticipate a tough environment going forward, according to an Aug.14 Fannie Mae survey of 2,000 senior executives from its list of approved lenders.

 
Aug 20, 2014 12:30 PM

Freddie Mac: Housing Market on Path to Normal

The nation’s economy is stabilizing and the housing market is expected to return to a more normal state driven by fundamentals such as labor market gains and unemployment rates, Freddie Mac reported Aug. 13 in its U.S. Economic and Housing Market Outlook for August.

 

FHA Commissioner Galante Stepping Down/ galante

Federal Housing Administration Commissioner Carol Galante announced Aug. 11 that she will be leaving the U.S. Department of Housing and Urban Development and stepping down from her role as assistant secretary for housing at the end of this year, HousingWire reported.

 

Federal Regulators Critical of Bank Living Wills

The Federal Reserve and Federal Deposit Insurance Corporation criticized 11 of the nation’s biggest banks Aug. 5 for their failure to create adequate plans for dismantling themselves in the event of a financial crisis in a way that would not be harmful to the overall financial system, USA Today reported.​

 
Aug 13, 2014 12:30 PM

Report: Banks Making Fewer Loans Due to New Mortgage Rules/ mortgage scrutiny

The Federal Reserve Board released a survey Aug. 4 in which it reported that some banks are making fewer loans because of new qualified mortgage rules enacted by the Consumer Financial Protection Bureau in January, National Mortgage News reported.

 
 
Results: 129 Articles found.

27 47

Pop up content here.

Agree Disagree
close (X)