All posts tagged federal agency

mortgagerules

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.

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newhomeinspection

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

federalreserve

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

robosigning

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

mortgagerules

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

consumerjustice

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

mortgagerules

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

fairhousing

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

mortgagerules

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

robosigning

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

risingrates

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

usedvsnew

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

fallingrates

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

foreignmoney

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

slidinghouse

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

fraud

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.

conformingloan

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

newmortgagerules

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,

conformingloan

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

fallingrates

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

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