Better Outcomes for Nonperforming GSE Loans Sold
A new report indicates that non-performing loans being sold by the government-sponosred enterprises are experiencing better outcomes than before they are sold.
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.
Mortgage Events Cover Compliance, Regulation
Included among dozens of upcoming mortgage-related events are a compliance workshop, a regulatory conference and a mortgage accounting software user event.
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.
Mortgage Complaints Sink Despite Overall Rise
Despite a year-over-year increase in complaints filed against financial services companies, a plunge was reported in complaints filed against mortgage firms.
CFPB Chief: New Law to Improve Credit Access
The acting director of the Consumer Financial Protection Bureau says that the new financial regulatory overhaul law will improve consumers' access to credit.
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.
Dodd-Frank Rollback Passes House, On to President
Two months after making it through the Senate, legislation to roll back or reduce some of the requirements of thecDodd-Frank Wall Street Reform and Consumer Protection Act has passed the House.
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.
