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CFPB Fines Franklin Loan for Ripping Off Customers
On November 14, National Mortage News published an article discussing the $730,000 fining of Franklin Loan Corporation by the Consumer Financial Protection Agency for allegedly incentivizing loan officers to guide customers into mortgages with higher interest rates.
17 Nov 2014
FHLMC Guide Bulletin 2014-19 Servicing Update
On November 14, Freddie Mac released an update titled Single-Family Seller/Servicer Guide Bulletin 2014-19.
17 Nov 2014
Minersville Leaders Discuss Fight Against Blight
On November 14, the Pottsville Republican Herald published an article covering a Minersville, PA borough meeting where local leaders discussed the creation of a landbank as one of the ways to stop and eliminate blight.
14 Nov 2014
Cleveland and Others Fight Blight with Parks and Greenhouses
On November 13, CNN Wire posted an article titled Why this city ‘removes cancer cells’ of foreclosed and abandoned homes.
14 Nov 2014
Fannie Mae LL-2014-16 Advance Notice of Future Changes to Investor Reporting Requirements
On November 13, Fannie Mae released Lender Letter LL-2014-16, subtitled Advance Notice of Future Changes to Investor Reporting Requirements.
14 Nov 2014
Freddie Mac Loan Prospector to Allign with Recent Guide Requirements
On November 13, Freddie Mac published an update titled Loan Prospector to Align with Recent Guide Requirements.
14 Nov 2014
GSEs’ Risk-Sharing Deals Are Good for the Housing Market
On November 14, National Mortgage News published an article discussing GSE risk-sharing deals by Mortgage Bankers Association President and Cheif Executive David Stevens.
14 Nov 2014
Land Banks Fight Blight in Mahoning and Trumbull Counties
On November 11, Youngstown NBC affiliate WFMJ-TV posted a report discussing the plans of two Ohio county landbanks to counter the effects of blight and re-purpose vacant and abandoned properties.
13 Nov 2014
Los Angeles Ordinance Aims to Charge Foreclosure Fees to Banks
On November 12, Reuters released an article discussing the passing of a foreclosure registration amended ordinance by the LA City Council.
13 Nov 2014
Missouri Supreme Court Invalidates St. Louis County Foreclosure Law
On November 13, the St. Louis Post-Dispatch reported that the Missouri Supreme Court has ruled a 2012 St. Louis County foreclosure ordinance unenforceable due to the county lacking authority in its charter form of government to implement it.
13 Nov 2014
Moody’s Investors Service Assigns Stable Outlook to State HFA Sector for Second Consecutive Year
On November 11, HousingWire released an article titled Moody’s: Outlook stable for housing finance agencies.
13 Nov 2014
MHA HAMP Reporting Update October 2014 UP Survey Reminder
On November 10, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled October 2014 UP Survey Reminder.
13 Nov 2014
Fannie Mae SVC-2014-20 Introducing the New Single-Family Servicing Guide
On November 12, Fannie Mae released Servicing Guide Announcement SVC-2014-20, subtitled Introducing the New Single-Family Servicing Guide.
12 Nov 2014
Fed Finalizes Merger Rule for Financial Institutions
On November 10, DS News published an article discussing the recent ruling of the U.S. Federal Reserve Board to implement section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
11 Nov 2014
Americans’ Personal Finance Sentiment Strengthens, Housing Optimism Follows Suit
On November 7, Fannie Mae published a news release outlining results from its October 2014 National Housing Survey.
10 Nov 2014
Fannie Mae Standard Modification Rate Adjustment
On November 7, Fannie Mae released a Servicing Notice announcing the new Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications.
10 Nov 2014