Fine Against Citi Unit for Servicing Practices
The good news is that a seven-year-old consent order against Citigroup Inc. has been terminated. The bad news is that a subsidiary was hit with a fine over its handling of mortgage documents.
Banks Maintain Mortgage Credit Standards
For most single-family lending programs, credit standards at banks were little changed during the second quarter. While demand for residential loans was up at a good share of banks, it was also down at a good share.
Digitization in Non-Bank Home Lending
A report from the Department of the Treasury highlights technological advances made in financial services and offered recommendations for non-bank firms.
North Dakota Seeks Waiver of Appraisal Requirements
A severe shortage of real estate appraisers has North Dakota officials making a request to waive appraisal reports, at least temporarily, on some residential loans. Banking regulators see the move as necessary.
Survey Shows Bipartisan Consumer Support for CFPB
A new survey suggests that consumers -- Republican and Democrat -- haven't been swayed by Trump administration efforts to paint the Consumer Financial Protection Bureau as bad for the economy.
Dodd-Frank Rollback Raises Risk for Non-Banks
Recently enacted legislation to roll back some of the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is likely to have a negative impact on non-bank home lending.
Deputy Director Drops CFPB Lawsuit
Following President Donald J. Trump's nomination of a permanent director for the Consumer Financial Protection Bureau, a challenger to the acting director has dropped her lawsuit.
Several Mortgage Conferences, Events in July
Among mortgage industry events planned for this month are a loan officer expo, a consumer bankruptcy forum and an annual meeting hosted by a mortgage technology provider.
Fed Conducts Stress Test on U.S. Households
A report from the Federal Reserve Bank of New York indicates that while the household sector is still vulnerable to severe home-price declines, it has recently become less risky.
Supreme Court Declines to Hear FHFA MBS Case
The last holdout in a swarm of lawsuits filed in 2011 against underwriters and issuers of mortgage-backed securities has been resolved by the country's high court.