Merrill Lynch Agrees to SEC RMBS Settlement
Merrill Lynch, Pierce, Fenner & Smith Inc. has agreed to settle allegations that it misled customers in order to get them to overpay for residential mortgage-backed securities.
PHH "Extremely Gratified" By CFPB Dismissal
PHH Corp. is celebrating the Consumer Financial Protection Bureau's dismissal of a closely watched case involving alleged violations of the Real Estate Settlement Procedures Act.
Opinion: QM Serves No Useful Purpose
Among several flawed concepts in the Dodd-Frank Wall Street Reform and Consumer Protection Act are the Qualified Mortgage - Ability-to-Repay rules.
Dodd-Frank Rollback Legislation Now Law
With the public and the media focused on the cancellation of North Korea summit, President Donald Trump sign into law legislation that will roll back burdensome Obama-era financial regulations.
Severity of Impact from ATR-QM Rules Eases
An overwhelming majority of bankers say the Ability-to-Repay and Qualified Mortgage rules have reduced available real estate credit. But the level of severity is diminishing.