The Alternative A market that has emerged as a major force in the mortgage industry over the past three years faltered during the third quarter, suggesting a boom fueled by new product design and a ravenous mortgage securities market may be... [Includes five charts]
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Does federal law shield the operating subsidiaries of federally-chartered banks from state mortgage enforcement actions? The Office of the Comptroller of the Currency clearly thinks so. But it appears the U.S. Supreme Court may disagree. The issue of federal...
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The Department of Housing and Urban Development has reassigned a contract worth up to $1 million for legal expertise related to a compliance probe of government-sponsored enterprise involvement in certain housing developments as part of an investigation launched in...
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Fannie Mae’s former CEO Frank Raines and former CFO Timothy Howard will be served with a lawsuit over past compensation from the Office of Federal Housing Enterprise Oversight in December, before the statute of limitations expires. Civil charges are going...
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Federal and state banking regulators stopped short of pronouncing new federal and state guidelines on nontraditional mortgage products as having the force of regulation, saying implementation and application issues would be addressed during the examination process...
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The Office of Federal Housing Enterprise Oversight this week announced that the conforming loan limit would remain unchanged, at $417,000, in 2007, despite a small decline in the house price data series on which annual adjustments are... [Includes one chart]
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