Content Category: Required Reading
Report Lambastes Servicers For Doing Poor Job With HAMP
on Wednesday July 30 2014 by MortgageOrb.com print the content item
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has issued a report sharply criticizing mortgage servicers for failing to [read more]
Fed To Keep Tapering; Final Reduction Expected This Fall
on Wednesday July 30 2014 by MortgageOrb.com print the content item
Citing that labor market conditions continue to improve and that inflation hasn't yet reached the 2% threshold, the Federal Reserve will continue to taper its [read more]
CFPB Seeks To Ease HMDA Reporting Requirements
on Monday July 28 2014 by MortgageOrb.com print the content item
So as to not overly restrict consumer access to mortgage credit, the Consumer Financial Protection Bureau (CFPB) is easing its reporting requirements for lenders under [read more]
Zillow To Keep Trulia Brand Intact
on Monday July 28 2014 by MortgageOrb.com print the content item
Zillow has announced its intention to acquire Trulia for $3.5 billion in a stock-for-stock transaction - a deal that, if approved, will create one of [read more]
CFPB, FTC, States Take Action Against Foreclosure Relief Companies
on Wednesday July 23 2014 by MortgageOrb.com print the content item
The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission and 15 states have brought action against three different foreclosure relief firms for engaging in [read more]
The 'Widespread Contagion' Of Foreclosure Is Now Contained
on Thursday July 17 2014 by MortgageOrb.com print the content item
Falling 16% from the same time one year ago, the country's foreclosure activity has now hit the lowest level in eight years, according to RealtyTrac's [read more]
Bank Of America And AIG Reach $650 Million Settlement
on Wednesday July 16 2014 by MortgageOrb.com print the content item
Multinational insurer American International Group Inc. (AIG) has finally reached a $650 million global resolution of its residential mortgage-related disputes with Bank of America. The [read more]
June Housing Scorecard Shows Solid Strides In The Market
on Tuesday July 15 2014 by MortgageOrb.com print the content item
Although there are positive overall trends in housing - including growing equity and a rebound in sales of new and existing homes - more work [read more]
Citigroup Settles Faulty RMBS Probe For $7 Billion
on Monday July 14 2014 by MortgageOrb.com print the content item
Citigroup will pay $7 billion to resolve allegations brought by federal and state officials that it misled investors about the quality of residential mortgage-backed securities [read more]
CFPB 'Concerned' Some Mini-Correspondents Side-Stepping Rules
on Monday July 14 2014 by MortgageOrb.com print the content item
Making the transition from mortgage broker to "mini-correspondent" doesn't necessarily mean you're off the hook in terms of compliance with the Consumer Financial Protection Bureau's [read more]
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