All posts tagged mortgage lender

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,

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

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

Welcome to National Fair Housing Month. On April 11, 1968, President Lyndon Johnson signed the Civil Rights Act of 1968, an expansion of the Civil Rights Act of 1964. The

It should come as no surprise that nearly 80 percent of Americans aren't buying the housing recovery and many of them think the worst is still yet to

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

CALIFORNIA ATTORNEY GENERAL - Attorney General Kamala D. Harris recently announced a $1 million California Homeowner Bill of Rights (HBOR) implementation grant to The National Housing Law Project. This

Struggling homeowners are getting a big break this summer from Freddie Mac's and Fannie Mae's Streamlined Modification program. Eligible borrowers won't have to submit documentation, but can accept a

SUSIE SHORTSLEEVE - You can buy a home with as little as 3 percent down, thanks to federal government loans and others with eased restrictions. Low-down payment mortgages are

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

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

CALIFORNIA OFFICE OF THE ATTORNEY GENERAL - Attorney General Kamala D. Harris on Feb. 5, filed a lawsuit against one of the nation’s major credit rating companies for

The Qualified Mortgage (QM) rule, also called the "Ability To Repay" rule, is the first-ever attempt at defining and establishing qualifying standards for borrowers applying for mortgage loans.  Under

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

New consumer protections for California homeowners are effective Jan. 1 2013. The California Homeowner Bill of Rights (CHBR), extends key mortgage and foreclosure protections to California homeowners and

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

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,

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

STANDARD & POOR'S - Despite a reduction in offshoring by some U.S. mortgage servicing operations, some servicers still find it a cost-effective option. According to a report titled "Two