Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions

Items Tagged with 'Dodd-Frank'


Barney Frank to keynote ABS West

Architect of Dodd-Frank to leap into the lion’s den
Trey Garrison
Two names are never far from the mind of anyone in investments and finance, and one of the two names will be the keynote speaker at this years ABS West convention in Las Vegas – Barney Frank. With the new Republican House and Senate poised to give Dodd-Frank a once over, here’s why it’s important.
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Fed announces exemption adjustment for smaller loans

New exemption level starts Jan. 1
Trey Garrison
The Federal Reserve released its revised exemption level clearing smaller loans from the appraisal requirement of larger mortgage loans.
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Industry professionals must satisfy both client and legislative requirements

Industry professionals must maintain quality services and execute them in a timely manner to remain in business and now, more than ever, there is no room to fail.

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Monday Morning Cup of Coffee: Credit positive in HFA risk retention exemption

Housing advocates want more from FHFA and how colleges affect housing
Trey Garrison
Moody's looks at the risk retention exemption for FHAs, this week's housing metrics, and a look at how housing fares in college towns.
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The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
Trey Garrison

Reading the New York Times is a great intellectual exercise because you get to read news articles and say to yourself, “Hmm. That’s interesting. I wonder if it’s true?” Today in the financial section, though, was an opinion piece on mortgage financing that had me instead asking, “Do you even English, New York Times?”

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Moving at the speed of mobile increases profits

Borrowers want the mortgage application process to be easy and fast. As a 2014 Forrester study found: “Consumers reserve meals, cabs, and flights; share music; make videos; and even screen potential mates on their phones. Whatever product or service you offer, your customers expect you to deliver mobile utility.”

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Executive Conversation: Hassan Rashid sees borrower as center of gravity

Rise of CFPB and role of technology will simplify mortgage process for borrowers and lenders
Sarah Wheeler

For the time being, with the new "consumer-focused" regulations that the CFPB is finalizing and that the lenders are mandated to implement this year and next, the borrower is king.

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Mortgages: Has Dodd-Frank failed?

Industry needed its 250 new standards
Daren Blomquist and Peter Miller

The need for Wall Street Reform arose precisely because the financial industry was under-regulated. No less an authority than Alan Greenspan, the former head of the Federal Reserve and chief architect of the less-regulation approach, told Congress in 2008 that “those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief.” 

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Insurers find Dodd-Frank loophole

Argument still up for debate
Brena Swanson
When looking at the fine print of Dodd-Frank, regulators may have some wiggle room when it comes to whether they can look to credit ratings, and therefore state-insurance rules.
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Federal regulators order big banks to fix “living wills”

Bank of America, JPMorgan Chase, others told to fix bankruptcy plans
Ben Lane
"The living wills before us fail to fully acknowledge these issues and ignores other operational issues," said Thomas Hoenig, FDIC vice chairman. "They demonstrate little ability to cope adequately with failure without some form of government support. The economy would almost surely go into crisis."
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