Mortgage industry participants may again be invited for another round of talks prior to the release of a new proposal for streamlining the mortgage settlement process, according to a top official of the Department of Housing and Urban Development. HUD is...
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New York Attorney General Andrew Cuomo is looking into the lending practices of several financial institutions in what compliance experts describe as a follow up to his predecessor’s failed bid to investigate suspicious lending disparities at national banks...
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The Government Accountability Office has recommended that Congress strengthen the Department of Housing and Urban Development’s hand in cracking down on illegal kickbacks and sham business arrangements between title insurers, mortgage lenders, and other participants...
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Banks that work to get troubled borrowers out of bad subprime mortgage loans will get extra credit at their next federal performance evaluations under the Community Reinvestment Act. A panel of regulators at the Consumer Bankers Association’s CRA conference...
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Participants in a foreclosure summit organized by Sen. Chris Dodd, D-CT, chairman of the Senate Committee on Banking, Housing and Urban Affairs, and Sen. Richard Shelby, R-AL, the committee’s ranking minority member, will reconvene on May 2 to present recommendations...
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The Federal Housing Administration is not trying to position itself as a savior of troubled subprime borrowers, according to the administrator of the Department of Housing and Urban Development’s residential mortgage insurance program. Brian Montgomery...
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The Federal Reserve Board has proposed to withdraw certain regulatory language on electronic disclosures that had been included in proposed rules implementing the Truth in Lending Act (Regulation Z) and the Equal Credit Opportunity Act (Regulation B). The proposal...
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Congress may consider legislation this year that would increase the consumer protection authority of the Office of the Comptroller of the Currency and the Office of Thrift Supervision in response to a recent U.S. Supreme Court decision backing federal preemption of...
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Democrats on the Senate Committee on Banking, Housing and Urban Affairs last week urged the Federal Reserve Board to use its powers under the Home Ownership and Equity Protection Act to curb predatory and abusive lending. The committee chairman, Chris Dodd of...
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Pennsylvania. A revised regulatory proposal to define the proper business conduct for mortgage bankers, brokers and... Massachusetts. Gov. Deval Patrick said he would soon submit a legislative proposal to make mortgage fraud a...
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House Financial Services Committee: Flood Insurance Reform. The House is considering bipartisan legislation to reform the... Office of Thrift Supervision: New Central Region. The OTS is forming a new Central Region office... HMDA Data. The federal thrift and banking agencies and...
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America’s Community Bankers has tapped Barbara Shycoff to be senior vice president and... Consumer groups and an organization of bankruptcy attorneys are calling for changes in... The National Low Income Housing Coalition has sued the Federal Emergency Management Agency for...
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