Content Category: Required Reading
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]
New Housing Finance Reform Bill Introduced In Congress
on Thursday July 10 2014 by MortgageOrb.com print the content item
U.S. Reps John K. Delaney, D-Md.; John Carney, D-Del.; and Jim Himes, D-Conn., have introduced into the House new housing finance reform legislation known as [read more]
Citigroup Close To Settling With Feds Over Faulty MBS
on Wednesday July 09 2014 by MortgageOrb.com print the content item
Citigroup Inc. is reportedly close to reaching an agreement with federal prosecutors over its sale of faulty mortgage-backed securities (MBS) in the run-up to the [read more]
Julian Castro Confirmed As HUD Secretary
on Wednesday July 09 2014 by MortgageOrb.com print the content item
It's a done deal: Julian Castro, President Obama's pick to lead the U.S. Department of Housing and Urban Development (HUD), sailed through his Senate confirmation [read more]
CFPB: Heirs Can Be Added To Mortgage Without Triggering ATR
on Tuesday July 08 2014 by MortgageOrb.com print the content item
The Consumer Financial Protection Bureau (CFPB) has thrown a bone to mortgage lenders, stating in a new interpretive rule that when a borrower dies, his [read more]
SunTrust To Pay $320 Million For 'Bungling' HAMP Applications
on Monday July 07 2014 by MortgageOrb.com print the content item
SunTrust Banks Inc. will pay up to $320 million to resolve allegations brought by the federal government that the bank failed to provide mortgage modifications [read more]
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