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Results: 73 Articles found.
Mar 05, 2014 12:30 PM

Bank of America Investigated for FHA Compliance

Bank of America is undergoing another federal probe, this time by the civil division of the U.S. Attorney’s Office of the Eastern District of New York over the bank’s alleged failure to comply with the Federal Housing Administration’s Direct Endorsement Program, Reuters reported Feb. 25.

Mar 05, 2014 12:30 PM

Yellen Says Fed May Slow Quantitative Easing

Federal Reserve Chairwoman Janet Yellen told the Senate Banking Committee Feb. 27 that the Central Bank may suspend further reductions in quantitative easing if economic growth continued to slow, although she conceded that some of the slowdown could be the result of severe winter weather, The Wall Street Journal reported.

Feb 26, 2014 12:30 PM

Federal Reserve: Economy Strong Enough for More Quantitative Easing

Officials from the Federal Reserve banks of Atlanta, San Francisco and St. Louis said they believe the U.S. economy is performing strongly enough that the central bank will be able to stick to its plan to wind down quantitative easing this year, Reuters reported Feb. 19.

Feb 26, 2014 12:30 PM

CFPB Targets Servicers Who Fail to Follow Reforms

The Consumer Financial Protection Bureau’s Deputy Director Steven Antonakes said that the agency will crack down on mortgage servicers that are in violation of new rules that went into effect Jan. 10, noting that they had a year to prepare for changes, National Mortgage News reported Feb. 19.

Feb 26, 2014 12:30 PM

SBA Nominee Queried on Going Concern Appraisals

Maria Contreras-Sweet, the nominee for administrator of the U.S. Small Business Administration, was questioned during a Senate confirmation hearing Feb. 12 on a policy change that prevents qualified real estate appraisers from performing going concern appraisals.

Feb 19, 2014 12:30 PM

HUD Seeks Court Guidance on Eminent Domain

U.S. Department of Housing and Urban Development Secretary Shaun Donovan told attendees at a Feb. 12 Politico event that the use of eminent domain to force the sale of private-label mortgages out of securitized trusts needs to be decided by the courts, National Mortgage News reported Feb. 13.

Feb 19, 2014 12:30 PM

Bipartisan GSE Reform Bill Nearing Completion

The Senate Banking Committee is near completion of a bipartisan bill that would reform Fannie Mae and Freddie Mac, National Mortgage News reported Feb. 12. U.S. Department of Housing and Urban Development Secretary Shaun Donovan said it is critical to move on reform now, given pending litigation.

Feb 19, 2014 12:30 PM

GSEs Updating Method for Processing Appraisal Reports

According to guidance released Feb. 11 by Fannie Mae, beginning July 13 both Fannie and Freddie Mac will only accept MISMO XML submissions in the Uniform Collateral Data Portal. The PDF extraction service in UCDP will be retired as of that date, and the GSEs will no longer accept appraisals submitted in other file formats.

Feb 18, 2014 08:00 AM

Appraisal Institute Tells Homeowners How to Prepare for Appraisal

With the spring home-buying season approaching, the nation’s largest professional association of real estate appraisers today encouraged homeowners to be prepared with all relevant property information when an appraiser visits.

Feb 12, 2014 12:30 PM

Judge Postpones $8.5B Bank of America Settlement

Bank of America’s proposed $8.5 billion settlement with investors who purchased allegedly faulty mortgage securities from the bank’s Countrywide unit during the financial crisis has been delayed, Reuters reported Feb. 5.

Results: 73 Articles found.

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