Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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Items Tagged with 'NAFCU'

ARTICLES

Mortgage Choice Act reintroduced in Congress

Bipartisan bill faces friendlier Senate environment
Trey Garrison
A bipartisan bill easing regulatory burdens on the mortgage finance industry was submitted to Congress today. Here's why it failed last Congress, and why it faces better prospects this time around.
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Trade groups balk at FHFA attempt to redefine Home Loan Bank membership

NAFCU urges withdrawal of proposed rule
Brena Swanson
The Federal Housing Finance Agency’s comment period for its proposed rule on the Federal Home Loan Bank officially ends Monday. And it appears the comments were not very positive.
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Mortgage banking industry weighs in support for single GSE bond

Common securitization platform? Yes, with caveats
Trey Garrison
A common securitization platform and a single GSE bond are coming soon enough from the Federal Housing Finance Agency, and while details are still under discussion, the mortgage banking industry is weighing in with their thoughts.
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Credit unions to Senate Banking: Enough is enough

Credit unions are being overregulated with burdensome rules
Trey Garrison
XCEL Federal Credit Union President and CEO Linda McFadden will tell the Senate Banking Committee on Tuesday that “enough is enough” when it comes to the overregulation of credit unions, sources in Washington tell HousingWire.
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NAFCU responds to CFPB remittance transfer rule

Trey Garrison
The National Association of Federal Credit Unions issued the following statement in response to the Consumer Financial Protection Bureau’s announcement Friday that it finalized its remittance transfer rule.
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Could the post office get into the mortgage business?

It’s not as crazy as you might think
Ben Lane

For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.


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Financial trades oppose making unvetted CFPB complaints public

MBA, NAFCU say proposal would cause more harm than good
Trey Garrison
Two leading banking trade groups are not pleased with the Consumer Financial Protection Bureau’s proposal to make public unverified consumer complaints against financial institutions.
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Castro’s confirmation as HUD Secretary met with industry approval

President Obama, others praise San Antonio mayor
Ben Lane
"I applaud the bipartisan majority of Senators who today confirmed Julián Castro as our next Secretary of Housing and Urban Development," President Obama said. "Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods."
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Johnson-Crapo reform bill voted to Senate floor

Opponents say GSE reform measure won't go farther
Trey Garrison
The Senate Committee on Banking, Housing, and Urban Affairs put its hand to the future of GSE reform Thursday, voting to report Johnson-Crapo out of committee and to the full Senate.
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NAFCU members see regulatory costs spiking

Half plan to cease non-QM loans, 38% trimming
Trey Garrison

A survey of members of the National Association of Federal Credit Unions finds that while most say credit union lending has improved, new regulations and proposals threaten to increase costs and stall the lending activity growth. 


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