CFPB Seeks To Ease HMDA Reporting Requirements

The CFPB is proposing to exempt lenders that originate fewer than 25 mortgages a year from its new HMDA reporting rules. In addition, financial institutions with a large number of reported transactions would be required to submit HMDA data on a quarterly, rather than annual, basis.

CFPB, FTC, States Take Action Against Foreclosure Relief Companies

The CFPB says the three companies collected a total of more than $25 million in illegal advance fees for foreclosure relief.

The 'Widespread Contagion' Of Foreclosure Is Now Contained

RealtyTrac says in its midyear report that foreclosure activity has dwindled back down to historic levels and that it is on track to continue the pace.

New Housing Finance Reform Bill Introduced In Congress

Three congressmen are taking a new crack at balancing public and private involvement in housing finance.

Julian Castro Confirmed As HUD Secretary

The 39-year-old, third-term mayor of San Antonio will replace current HUD Secretary Shaun Donovan, who will next lead the White House Office of Management and Budget.

Mortgage interest rates fell about five basis points on average in June compared to May, according to the Federal Housing Finance Agency's (FHFA) Monthly Interest Rate Survey. The average [Read More]

PERSON OF THE WEEK: Steve Wiser is president of Specialized Business Software, a provider of custom software solutions for insurance, mortgage and financial services companies, including Docunym, a cloud-based [Read More]

Are You Fully Prepared for a CFPB Exam?_id1237

From The Orb

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 keep up with the [Read More]

BLOG VIEW: As the mortgage market shifts from refinance to purchase, the profitability, perhaps even viability, of many firms will depend on how quickly lenders maximize purchase opportunities, build [Read More]

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 bond-buying program by another [Read More]

BLOG VIEW: Having more than 20 years of experience as a real estate agent and broker - 16 of which have been focused on the disposition of real estate [Read More]

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 the largest online real [Read More]

Industry Resource