Senate banking committee passes massive regulatory relief bill

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance

It's official: NYDFS Superintendent Ben Lawsky stepping down

4 years as leader of “long reach” New York financial regulator
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Items Tagged with 'Lending'

ARTICLES

Barney Frank: Risk retention is enough to regulate mortgage lending

Housing policy need not include homeownership
Trey Garrison
Former Congressman Barney Frank told capital markets professionals at the largest structured finance industry event in years that Dodd-Frank is far from perfect, but it works. Here's what he'd change, and what he'd like to see expanded on.
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Rarity: BofA celebrates new branch opening in Denver

Opens new location in new market
Jacob Gaffney
News comes as bank continues to ditch hundreds of branches in many other markets. The bank is also experimenting with simpler "express" branches, those that do not employ tellers.
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Borrowers find refuge in nonbank mortgage loans

But concerns persist over nonbank risk
Levi Shultz
Nonbank lending continues to fill the gap for borrowers rejected by other banks, even as concerns about nonbanks persist.
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Altisource loan origination software goes mobile

Enables borrowers to apply for loans via mobile devices
Levi Shultz
According to the company, Architect Connect enables borrowers to interact with the system directly through their mobile devices, helping borrowers to save time and lenders to save money.
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Black Knight: Weighted average loan age officially hits highest level ever

Vintage loan delinquencies drop
Brena Swanson
The weighted average loan age among the active mortgage population has been consistently rising for nearly a decade, officially reaching the highest point ever, according to one analyst.
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HUD OIG: 86% of reviewed HECM borrowers out of compliance

Using mortgage assistance and rental vouchers at the same time
Brena Swanson
Borrowers who use the U.S. Department of Housing and Urban Development’s Home Equity Conversion Mortgage program are slipping through the cracks and not in compliance with residency requirements.
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$8.5B BAC settlement one step closer to resolution

Key opponent drops objection suit
Brena Swanson
Bank of America’s $8.5 billion settlement with investors in mortgage-backed securities is another step closer to receiving final court approval, with one key opponent dropping its objections.
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Simplifying the process makes everyone happy
Kofax

Using a mobile app solution to complement your origination process gives you the tools you need to engage consumers on their preferred device and turn the experience into a positive one. 


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It's official: Home loan banks enter merger agreement

Seattle and Des Moines to join forces
Brena Swanson
“Given the fundamental changes that have occurred in the financial system since the creation of the Federal Home Loan Banks, FHFA views the merger agreement approved by the boards of the Federal Home Loan Bank of Seattle and the Federal Home Loan Bank of Des Moines positively,” FHFA Director Mel Watt said.
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Fair Housing discrimination law under scrutiny

Texas officials challenge law
Brena Swanson
Historically, courts have ruled that plaintiffs making discrimination claims under the Fair Housing Act don’t have to prove intentional bias. But this could change soon depending on a Texas lawsuit.
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