Lending
QM likely to shrink mortgage lending space
Despite the Consumer Financial Protection Bureau attempt to make the ability-to-repay rule flexible, members of the financial committee addressed a variety of risks that come with the qualified mortgage, including the high risk of lenders reducing lending volume based on the changes. In a... Read More

Featured News

Hardest-hit states record the most relief from servicers
States hit the hardest by the foreclosure crisis benefited the most from the multi-billion dollar national mortgage servicing settlement, according to first-quarter 2013 data released by Joseph Smith, an independent monitor... Read More
Checkmate: Jamie Dimon defeats proposal to split his role
A shareholder proposal to split the roles of chairman and CEO at mega bank JPMorgan Chase was defeated Tuesday, allowing Jamie Dimon to hold on to both his titles. The vote to split the chairman and CEO roles received only... Read More
Servicers distributed $50.63 billion through National Mortgage Settlement
Servicers that took part in the 2012 National Mortgage Settlement have since distributed $50.63 billion in relief to more than 620,000 homeowners, Joseph Smith, the independent monitor overseeing the Office of Mortgage... Read More