Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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Items Tagged with 'NAFCU'

ARTICLES

7 problems NAFCU, CUNA and ICBA have with Johnson-Crapo

Trade coalition says GSE reform favors big lenders
April 14, 2014
Three financial trade associations have issued a joint letter protesting the direction in housing finance reform as biased in favor of large lenders, and they list seven specific concerns they have about Johnson-Crapo.
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GOP wants CFPB merged with other regulators

Democrats think cost-benefit analysis is 'dangerous'
April 8, 2014
The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
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Flood insurance rate hike delay passes House

House, Senate bills go to conference committee
March 4, 2014
The House on Tuesday evening passed a bill that would delay flood insurance rate hikes and derail reform efforts passed just two years ago with the Biggert-Waters act.
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NAFCU’s Dirty Dozen

Credit Union association outlines 12 goals for 2014
January 20, 2014
The National Association of Federal Credit Unions (NAFCU) published a list of what it calls the “Dirty Dozen” — a series of goals that the organization has for 2014. One of them might surprise you.
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QM storm could hit in weeks

Lawmakers scramble to set baseline, everyone wants more flexibility
January 14, 2014
House members and industry leaders say the harsh restrictions of QM could close off credit, hurt middle-income buyers, and stall out the housing market.
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How bad will QM hurt homeowners and home buyers?

House Financial Services Committee wants answers (already)
January 13, 2014
House leaders examining impact of QM in ongoing push-back against regulations that they say give preference to GSEs and take focus on real reform needed.
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The wrong vote on this Senate bill will cost billions

A bill delaying rising flood insurance rates could cost taxpayers big time
January 9, 2014
Senate Bill 1846 delays rate hikes to the National Flood Insurance Program. Failing to pass it could mean flood insurance becomes unaffordable to many. Passing it means taxpayers are on the hook for billions for coastal homeowners.
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NAFCU not happy about coming g-rate hike

December 20, 2013
The National Association of Federal Credit Unions is in no uncertain terms opposed to the Federal Housing Finance Agency's move to increase guarantee fees by 10 basis points.
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Credit unions prepare for 2014 growth

Mortgages not likely to be a big part of the surge
December 13, 2013
Consumers will be turning to credit unions more and more in 2014, a new survey of credit union members concluded. But they're not necessarily going for more home mortgages.
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The clock is ticking: New points and fees on mortgages coming soon

October 22, 2013
Dodd-Frank’s ability-to-repay rule strikes the market in January, bringing new standards for calculating points and fees on newly originated mortgages with it. But as with all things coming out of Dodd-Frank, a massive lobbying effort is already underway to change the points and fees standard before it leads to tighter credit and dwindling consumer options.
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