Content Category: Required Reading
CFPB Announces Vendors And Lenders Selected For Its Mortgage E-Closing Pilot
on Friday August 22 2014 by MortgageOrb.com print the content item
The Consumer Financial Protection Bureau (CFPB) has revealed the vendors and lenders that will be participating in its mortgage e-closing pilot program, which will explore [read more]
CFPB Reminds Servicers To Follow The Rules When Transferring MSRs
on Wednesday August 20 2014 by MortgageOrb.com print the content item
Due to its "concern" over the "continuing high volume of servicing transfers," the Consumer Financial Protection Bureau (CFPB) is reminding mortgage servicers that it is [read more]
BofA To Pay Nearly $17 Billion To Resolve Mortgage Bond Probe
on Wednesday August 20 2014 by MortgageOrb.com print the content item
[UPDATE: Bank of America announced on Thursday that it has agreed to a $16.65 billion settlement with the federal government to resolve allegations that it [read more]
Census Bureau: Housing Starts Jumped 15.7% In July
on Tuesday August 19 2014 by MortgageOrb.com print the content item
Housing starts jumped in July compared to June to reach the highest level in eight months, as home builder confidence improved, the U.S. Census Bureau [read more]
Top FHA Official Transitioning To The CFPB: Report
on Monday August 18 2014 by MortgageOrb.com print the content item
Patricia McClung is reportedly leaving her post as single-family housing policy advisor at the U.S. Department of Housing and Urban Development (HUD) to become assistant [read more]
FHFA Seeks Feedback On Proposed Single Security For GSEs
on Wednesday August 13 2014 by MortgageOrb.com print the content item
The Federal Housing Finance Agency (FHFA) has unveiled its proposal to create a single, common security that would be issued and guaranteed by government-sponsored enterprises [read more]
Galante Leaving FHA For Berkeley Professorship
on Monday August 11 2014 by MortgageOrb.com print the content item
Carol Galante is reportedly stepping down as commissioner of the Federal Housing Administration (FHA) this fall so that she can take a professorship at the [read more]
Former NFL Star Irving Fryar To Enter Plea In Mortgage Fraud Case
on Monday August 11 2014 by MortgageOrb.com print the content item
Former National Football League (NFL) star Irving Fryar is reportedly scheduled to appear in New Jersey state court later this month, when he is expected [read more]
New Treatment Of Medical Debt Could Raise Consumers' FICO Scores
on Monday August 11 2014 by MortgageOrb.com print the content item
Certain consumers hoping to secure a mortgage for a home purchase may have just gotten a big break, as FICO is adjusting its credit score [read more]
Survey Shows ATR/QM Rules Are Negatively Affecting Approvals
on Wednesday August 06 2014 by MortgageOrb.com print the content item
As a mortgage banker, would you be surprised to learn that the Consumer Financial Protection Bureau's (CFPB) new mortgage rules are reducing approval rates? In [read more]
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