The mortgage banking industry is gearing up for a major lobbying effort to keep hybrid adjustable-rate mortgages out of the current scope of nontraditional mortgage lending guidelines. Unveiling their 2007 advocacy agenda last week, top officials of the...
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Pennsylvania loan providers are on notice to act professionally and conduct business honestly, but mortgage bankers say policy guidelines issued last month by state banking regulators are too narrow to provide direction for future behavior. The Pennsylvania Department of...
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The Office of Thrift Supervision continues to lead other federal banking regulators in giving out the highest marks for performance under the Community Reinvestment Act, even as the agency works to realign its CRA regulations with those of banking regulators...
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Mortgage lenders should fold their business into a broader risk management process in order to deal effectively with the uncertainty, as well as with the risks and opportunity that come with the home-lending business, according to a top...
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There’s one less bump on the road to thrift charter conversion for Countrywide Financial after a major California advocacy group said it will no longer oppose the lender’s application. San Francisco-based Greenlining Institute said it decided not to...
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Non-Basel II lenders may respond to higher capital charges to their mortgage portfolio by adding riskier mortgages to holdings of safer, high-quality loans, using a “portfolio blending strategy,” a study commissioned by the Mortgage Bankers Association warned...
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Nebraska: Consumers can expect more protection from unscrupulous foreclosure consultants... California: Under a new law that took effect on New Year’s Day, lying about one’s real estate... Tennessee: A new law restricting high-cost home loans took effect on...
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HECM Counseling Standards: HUD has proposed a rule for qualifying a person to provide mandatory counseling to... 2007 FHA Maximum Loan Limits: HUD has announced the new FHA single-family mortgage limits, effective for loans endorsed on or...
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Florida Republicans Ginny Brown-Waite and Vern Buchanan introduced... Rep. John Doolittle, R-CA, has introduced H.R. 480... The Federal Deposit Insurance Corp. has a new general counsel... The National Association of Mortgage Brokers has sent Joseph Falk... Washington law firm Lotstein Buckman has released its newly updated... The Consumer Bankers Association will have its...
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