All posts tagged housing crisis

brokenbank

Department of Justice sues Bank of America for $850 million in investor fraud case

The United States has filed a civil lawsuit against Bank of America for investor fraud. The complaint alleges that BofA lied to investors about the relative riskiness of the mortgage loans backing the securities and falsified statements about the investments, among other charges.

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mortgagerules

CFPB busts Castle & Cooke Mortgage for violating new mortgage rules

The nation's consumer watchdog took a bite out of an alleged new mortgage rules violator in a recent federal district court filing. The filing seeks to force the mortgage

mortgagerules

CFPB proposes modifying mortgage reform rules

CONSUMER FINANCIAL PROTECTION BUREAU — Final public comments on the Consumer Financial Protection Bureau's (CFPB) proposed clarifications, and some narrow revisions to its January 2013 mortgage reform rules,

shadowinventory

Shadow inventory unleashed could be good for business

The federal government holds more than 1.7 million distressed properties considered "shadow inventory" properties that many fear could disrupt the housing market if they were suddenly unleashed on

modification

HAMP, MHAP programs extended through 2015

The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) have announced an extension on the Obama Administration’s Making Home Affordable (MHAP)

mortgagerules

Mortgage reform amends ‘Ability-to-Repay’ rule

Federal Ability-to-Repay rule amendments and modifications should help garner greater access to credit by creating certain exemptions for small creditors, community development leaders and housing stabilization programs. Another amendment

mortgagerules

Mortgage reform targets home appraisals

Appraisal rules from the Consumer Financial Protection Bureau (CFPB) soon will give consumers additional rights to information on how a home value is determined as well as new

mortgagesettlement

DeadlineNews.Com’s offsite National Mortgage Settlement coverage

DEADLINE NEWSROOM - DeadlineNews.Com is committed to following the National Mortgage Settlement with stories appearing here and elsewhere. Our National Mortgage Settlement coverage here, on DeadlineNews.Com, is bolstered by

mortgagerules

Mortgage reform targets foreclosure abuse, mortgage servicing failures

Foreclosure abuse prevention is the target of a major set of new provisions in the Consumer Financial Protection Bureau's (CFPB) federal overhaul of mortgage regulations. The rules establish new,

pricevssupply

Is the residential real estate inventory shortgage real?

For the past few months there has been a steady stream of reports that the real estate marketplace somehow has an inventory shortage. This simply isn't possible when at

meltdown

Who will get the real mortgage crisis profits?

The stock market has reached new highs, home sales are soaring and interest rates are in near record lows. All this suggests the end of the housing crisis is

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

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

geny

Gen Yers buying homes sooner than expected in Silicon Valley

Generation Y or Gen Y, also known as the Millennial Generation, is poised to be the next big demographic to enter the housing market. Gen Y elders are already

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

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