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Results: 152 Articles found.
Jul 31, 2014 08:00 AM

Drop in US Real Estate Appraisers Slows: Appraisal Institute Research

The number of active real estate appraisers in the United States fell less than 1 percent in the first half of 2014, the Appraisal Institute announced today, lower than the average annual decrease of 2.6 percent over the past six years.

 

Nonbank Mortgage Lenders Fight FHFA Watchdog Report

Nonbank mortgage lenders are furious about a report from the Federal Housing Finance Agency’s Office of Inspector General that claimed they are less regulated than large banks and pose increased risks to Fannie Mae and Freddie Mac, National Mortgage News reported July 22.

 

Four Years of Dodd-Frank have Changed Wall Street

With implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act four years ago, the federal regulatory climate has changed Wall Street, leading banks to sell off once profitable business lines, cut back short-term funding markets and break ties with entities that fall under extra regulatory scrutiny, The Wall Street Journal reported July 21.

 
Jul 30, 2014 12:30 PM

CFPB, FTC Launch Sweep against Foreclosure Relief Scams

The Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states initiated a crackdown on foreclosure relief scams that allegedly used deceptive marketing tactics to rip off distressed homeowners, the CFPB announced July 23.

 
Jul 23, 2014 05:00 PM

Illinois Considers Bill to Clarify BPOs, CMAs

Legislation that would clarify several aspects of an Illinois law governing broker price opinions and comparative market analyses has passed the state legislature and currently is under consideration by Gov. Pat Quinn, the Appraisal Institute reported July 21.

 
Jul 23, 2014 05:00 PM

CFPB Wants to Publicize Consumer Complaints

The Consumer Financial Protection Bureau has proposed a policy that would allow consumers to publicize their complaints about financial products and services — including mortgages, HousingWire reported July 16.

 
Jul 23, 2014 05:00 PM

Beige Book: Real Estate Activity Mixed Across Districts

The Federal Reserve’s Beige Book released July 16 showed that real estate activity varied across the districts, with many reporting low inventories and increasing home prices but mixed consumer demand.

 
Jul 16, 2014 12:30 PM

Citigroup Settles Mortgage Probe, Pays Record Penalty

Citigroup will pay $7 billion to resolve claims it misled investors who purchased shoddy mortgage-backed securities that helped lead to the financial crisis six years ago, Reuters reported July 14. The deal includes the largest civil fraud penalty ever levied by the U.S. Department of Justice.

 

Fed Defends Settlement with Banks over Foreclosures

In a July 7 report, the Federal Reserve defended its decision to halt its review of banks’ foreclosure practices last year in favor of a general $9.3 billion settlement to reimburse borrowers who may have wrongly experienced foreclosure, The Wall Street Journal reported.

 
Jul 16, 2014 12:30 PM

Senate Confirms Julian Castro as HUD Secretary

The Senate on July 9 confirmed San Antonio Mayor Julian Castro as the new secretary of the U.S. Department of Housing and Urban Development by a 71-26 vote, HousingWire reported.

 
 
Results: 152 Articles found.

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