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Results: 612 Articles found.
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 13, 2016 12:30 PM

Goldman Sachs Reaches $5 Billion MBS Settlement

Goldman Sachs and the U.S. Department of Justice on April 11 agreed to a $5 billion settlement that resolves claims related to the bank's sale of toxic residential mortgage-backed securities to investors, 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.

 
Mar 23, 2016 12:30 PM

CFPB: Complaints against Lenders Increase, Credit Unions Thrive

Appearing before the House Financial Services Committee March 16, Consumer Financial Protection Bureau Director Richard Cordray stated that complaints against lenders and servicers are increasing and that credit unions are gaining market share, especially in mortgages, at the expense of the big banks - a statement that credit unions refute.

 
Mar 23, 2016 12:30 PM

Report: TRID Slashes Mortgage Profits

The net gain on mortgages originated by lenders dropped 60 percent during the fourth quarter due to implementation of the TILA-RESPA Integrated Disclosures Rule, according to the Mortgage Bankers Association’s Mortgage Bankers Performance Report, HousingWire reported March 17.

 
 
Results: 612 Articles found.

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