Archives For: Industry Alerts
Senate Banking Committee Chairman Holds Federal Housing Finance Agency Hearing
On November 19, the U.S. Committee on Banking published a news release featuring Chairman Tim Johnson’s prepared statement at The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market oversight hearing.
21 Nov 2014
FHFA Statement of Melvin Watt
On November 19, the Federal Housing Finance Agency (FHFA) released the statement of Melvin L. Watt before the U.S. Senate Committee on Banking, Housing and Urban Affairs.
20 Nov 2014
HUD Secretary Says Housing Finance Reform Remains a Top Priority for the Obama Administration
On November 17, The Hill published an article outlining comments by HUD Secretary Julian Castro describing the commitment of the Obama administration to overhaul the mortgage finance system during the next two years.
20 Nov 2014
MHA HAMP Reporting Update October 2014 UP Survey Now Available
On November 17, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled October 2014 UP Survey Now Available.
20 Nov 2014
Take it to the Bank: How Land Banks Are Strengthening America’s Neighborhoods
The Center for Community Progress has released a national land bank report titled Take it to the Bank: How Land Banks Are Strengthening America’s Neighborhoods.
18 Nov 2014
MA Banks Sue to Overturn Local Foreclosure Laws
On November 14, telegram.com published an article titled Ruling means no change in Worcester foreclosure ordinance.
18 Nov 2014
Bank of America Mortgage Cases go to the Supreme Court
On November 17, HousingWire published an article discussing the decision by the U.S. Supreme Court to hear two cases brought by Bank of America involving underwater mortgages.
18 Nov 2014
Fannie Mae LL-2014-07 Updates to Compensatory Fees
On November 17, Fannie Mae released Lender Letter LL-2014-07, subtitled Updates to Compensatory Fees for Delays in the Liquidation Process, Foreclosure Time Frames and Allowable Foreclosure Attorney Fees.
18 Nov 2014
FHLMC Guide Bulletin 2014-20 Servicing Update
On November 17, Freddie Mac released an update titled Single-Family Seller/Servicer Guide Bulletin 2014-20.
18 Nov 2014
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