MortgageOrb

The MBA Considers The Private Mortgage Market Investment Act

on 27 Jan 2012 by David H. Stevens

WORD ON THE STREET: The head of the industry's leading trade group details the impact of the proposed legislation.

Justice Unit Probe Of Financial Institutions Is Launched
Jan. 27, 2012
The U.S. Department of Justice (DOJ), the U.S. Department of Housing and Urban Development, the U.S. Securities and Exchange Commission and the office of New York Attorney General Eric T. Schneiderman have formed the Residential Mortgage-Backed Securities Working Group [read more]

HUD's Role In The Manufactured-Housing Sector
by Henry Czauski, Jan. 26, 2012
REQUIRED READING: In 1974, Congress enacted the National Manufactured Housing Construction and Safety Standards Act, which was later amended by the Manufactured Housing and Improvement Act of 2000. Congress found that manufactured housing plays a vital role in meeting [read more]

News

LPS: Foreclosure Levels Down 40% In 2011
Jan. 27, 2012
Foreclosure starts were down 3.7% in December and nearly 40% below their December 2010 levels, according to new data from Jacksonville, Fla.-based Lender Processing [read more]

Chubb Corp. Announces $1.2B Share Repurchase Program
Jan. 27, 2012
The Chubb Corp., a Warren, N.J.-based insurer of commercial property and high-end homes, has announced that its board of directors has authorized a new [read more]

Home Sales Down 6.2% In 2011
Jan. 27, 2012
An estimated 302,000 new homes were sold in 2011, a 6.2% decline from the 2010 figure of 323,000, according to new data from the [read more]

From The Orb

News

FYI

A Due-Diligence Primer For Selecting Tech Vendors
by Craig Bechtle, Jan. 25, 2012
REQUIRED READING: Smart technology solutions are no longer confined to a single department within a mortgage banking operation. Once the technology requirements are defined, the next challenge is to [read more]

Suzanne Ball Takes On The Property Maintenance Challenge
by Phil Hall , Jan. 24, 2012
PERSON OF THE WEEK: Despite news reports that insist the economy is beginning to improve and the housing market is slowly stabilizing, there are still thousands of foreclosed properties [read more]

Five Questions For Richard Cordray
by Phil Hall, Jan. 23, 2012
BLOG VIEW: Richard Cordray is making his Capitol Hill debut this week as the director of the Consumer Financial Protection Bureau (CFPB). Needless to say, he will be facing [read more]

The Challenges Of Implementing The Dodd-Frank Act
by Daniel K. Tarullo, Jan. 20, 2012
WORD ON THE STREET: The implementation of the Dodd-Frank Act has been, and continues to be, a formidable task. At the Federal Reserve, hundreds of staff members are contributing [read more]

CFPB Exam Procedures Foreshadow Areas Of Interest
by John Clapp, Jan. 19, 2012
REQUIRED READING: The servicing industry has cautiously eyed the evolution of the Consumer Financial Protection Bureau (CFPB) since the bureau's inception in 2010 with the passage of the Dodd-Frank [read more]