Fannie Mae and Freddie Mac have been too consumed with cleaning up their enormous accounting and managerial imbroglios – and too hindered by outdated legacy systems and key staffing shortfalls – to fully respond to a changing marketplace that has grown increasingly fond of ARMs and non-traditional loans, according to the latest findings of one of their regulators...
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More mortgage borrowers were able to stay current in their payments during the first quarter of 2006, and fewer consumers appeared to be running into problems, according to newly released delinquency data...
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Spurred on by the Bush administration, Congress is more decisively taking up legislation to modernize an FHA mortgage insurance program that has seen its market presence dwindle significantly in recent years...
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Mortgage servicers may be earning less from ancillary fees – an important revenue stream for lenders – partly because technology and other business efficiencies are lowering their recoverable costs, according to a survey by Moody’s Investor Services...
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State bank and mortgage regulators are preparing new guidance that would establish standards for nontraditional loan products – and could serve as the basis for a new round of licensing laws.Officials at the Conference...
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Adversaries in a case in which a 6th Circuit appellate court upheld federal override of state enforcement authority over national banks and their operating units welcomed a decision by the U.S. Supreme Court this week to review the case...
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