All posts tagged federal agency
Mortgage reform targets foreclosure abuse, mortgage servicing failures
Foreclosure abuse prevention and mortgage servicing failures are the targets of a major set of new provisions in the Consumer Financial Protection Bureau’s overhaul of mortgage regulations.
VA home loan appraisal standards strict, but not insurmountable
Q: Veterans Affairs loans? Aren't those impossible to get through escrow? A: Not according to the 540,000 people who obtained VA loans in 2012. Q: Doesn't a home have
How long will the Fed buy mortgage-backed securities?
VANGUARD - Amid reports of reduced consumer prices and a spotty job market, the Federal Reserve's upcoming policy meeting likely will grapple with the question: How long should
4.2 million Independent Foreclosure Review-related payments up to $125,000 begin today
FEDERAL RESERVE BOARD - Payments to 4.2 million borrowers are scheduled to begin today April 12 following an agreement reached by the Office of the Comptroller of the
Mortgage reform targets incentives to sell toxic loans
On mortgage reform: "One of the reasons for the collapse was that mortgage borrowers were steered towards high-cost and risky loans they had no real chance of paying
CFPB: Mortgage insurers to pay $15.4 million to end kickbacks
CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) today announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by
Mortgage reform targets high-cost mortgages
The Ability to Repay rule and Qualified Mortgages (QM) aren't the only mortgage reform rules coming down the pike. The landmark overhaul of federal mortgage regulations also includes protections
Sequestration to hit housing’s most needy residents
When legislators walked out without settling sequestration, they also walked out on hundreds of thousands of needy households and housing industry related jobs. Washington's failure to act likely won't
Ability to repay ‘Qualified Mortgages’ centerpiece of landmark mortgage reform
A landmark overhaul of federal mortgage regulations is on its way to help prevent the kind of abusive mortgage practices that contributed to bringing down the housing market
Independent Foreclosure Review gets another do-over
Perhaps the real news would be the answer to this question: "Why won't mortgage servicers simply abide by the original Independent Foreclosure Review order, give borrowers their due
Average 30-year mortgage rate hits two-month high
Buoyed, in part, by a hopeful outlook for employment, the 30-year fixed-rate mortgage (FRM) posted its highest reading in eight weeks, an average 3.40 percent with 0.7 point. Freddie
FHA anti-flipping waiver now good through 2014
To help keep foreclosures moving through the home sales pipeline, the Federal Housing Administration (FHA) has, for the fourth time, extended a rule to make it easier for
Why mortgage rates will fall in 2013
Sign me up with those who think that rates are about to fall from ridiculously low to ridiculously lower. For much of the past year mortgage rates have bounced
Federal Reserve Board proposes stronger rules for foreign banks’ U.S. operations
The Federal Reserve Board on Friday proposed rules to strengthen oversight of foreign banks operating in America. Foreign banking organizations, with a significant U.S. presence, will have to create
Infographic: Fed maintains bedside manner for recovering economy, housing market
The Federal Reserve is maintaining steady pressure on the housing market's lifeline artery - mortgage interest rates. To protect the recovering housing market from higher interest rates, which could
Consumer watchdog snares mortgage loan modification scams
The Consumer Financial Protection Bureau (CFPB) announced Dec. 11 actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country.
2013 conforming loan limits by the numbers
The Federal Housing Finance Agency (FHFA) recently announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will remain unchanged
New regulations undercutting housing recovery
Since the mortgage meltdown of 2007, new regulations have descended like a plague on the mortgage industry. While consumer advocates think there's still more regulatory work to be done,
Conforming loan limits unchanged for 2013
FEDERAL HOUSING FINANCE AGENCY - The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in
Mortgage rates mixed on Chicago Fed president’s push for extended Fed stimulus
Mortgage rates were mixed, the week ending Nov. 27, remaining flat or relatively unchanged as news surfaced that the Federal Reserve could keep the federal funds rate near


















