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.

'Middle Ground' GSE Reform Proposal Would Keep Fannie, Freddie Alive

Proposal provides an explicit government guarantee "but taxpayer money will be protected through adequate private-sector capital and accurate pricing of government reinsurance."

The Federal Housing Finance Agency (FHFA) may soon be unveiling its plan for getting government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to issue a single set of residential [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]

Are You Fully Prepared for a CFPB Exam?_id1237

From The Orb

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 the Home Mortgage Disclosure [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]

BLOG VIEW: The proposed merger of Zillow and Trulia would be a great win for shareholders of both companies and a hit to real estate agents and listing data [Read More]

PERSON OF THE WEEK: Ed Fay is founder and CEO of Fay Servicing, a special servicer and mortgage originator founded in the midst of the housing crisis in early [Read More]

BLOG VIEW: There's good and bad news for lenders when it comes to real estate owned (REO) deed fraud as we head into the third quarter. CoreLogic's Sam Khater [Read More]

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