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Results: 183 Articles found.
Feb 24, 2016 12:30 PM

Report: TILA-RESPA Slows Down Mortgage Process

The average closing time for a residential mortgage increased to 50 days, a 10-day increase from one year ago, and the change is attributed to the Consumer Financial Protection Bureau's TILA-RESPA disclosure rules, according to a report from Ellie Mae, HousingWire reported Feb. 17.

Feb 24, 2016 12:30 PM

CFPB Seeks Comments on Rural Designation Proposal

The Consumer Financial Protection Bureau on Feb. 18 opened for comment procedures that would allow businesses to appeal the agency's designation of a rural or underserved area. The Dodd-Frank Act gave the CFPB discretionary authority to exempt certain loans from the qualified mortgage rule for banks serving rural or underserved areas.

Feb 23, 2016 08:00 AM

Appraisal Institute Heads to Charlotte for 2016 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, announced today that its 2016 Annual Conference will take place July 25-27 in Charlotte, North Carolina. Registration opens March 2.

Feb 17, 2016 12:30 PM

Morgan Stanley Settles 'Deceptive' Mortgage Practices for $3.2B

Morgan Stanley settled for $3.2 billion lawsuits filed by multiple states over allegedly deceptive mortgage practices leading up to the financial crisis, HousingWire reported Feb. 11. The settlement will be dispersed as both consumer relief and as payments to state governments.

Feb 17, 2016 12:30 PM

Homeowner, Appraiser Value Opinions Nearing Common Ground

The gap between homeowner and appraiser opinions of real estate value continues to narrow, with appraised values in January only 1.75 percent lower than homeowner expectations, Quicken Loans reported Feb. 9 in its Home Price Perception Index.

Feb 17, 2016 12:30 PM

Yellen: Fed not on 'Pre-set' Path to 'Normal' Policy

Federal Reserve Chair Janet Yellen told Congress Feb. 11 that the central bank was not on a "pre-set" path to "normal" policy due to worsening global stock market conditions, Reuters reported. Yellen said that she anticipates a gradual rise in rates this year.

Feb 10, 2016 12:30 PM

House Committee Passes Bill on Controversial Fiduciary Rule

The House Education and the Workforce Committee approved on Feb. 2 HR 4293, legislation that provides an alternative to the U.S. Department of Labor's controversial proposed rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.

Feb 10, 2016 12:30 PM

Flint Water Crisis Impacting Mortgage Lending

The contaminated water crisis in Flint, Michigan, could prevent buyers from securing home loans in the area due to minimum lender requirements of livability, HousingWire reported Feb. 4.

Feb 10, 2016 12:30 PM

Fed Testing Banks on Negative Interest Rates

The Federal Reserve's 2016 stress tests will examine how well big banks handle extended periods of time with negative interest rates on the three-month Treasury bill, Bloomberg reported Feb. 2. The Fed's action is a response to below-zero rates already in place in other countries.

Feb 04, 2016 08:00 AM

Appraisal Institute, RESNET Agree to Coordinate Energy Efficiency Efforts

The nation’s largest professional association of real estate appraisers and a U.S. standards-setting body for energy efficiency rating and certification systems have agreed to work together to promote education, research and data standards.

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