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

Fannie, Freddie settlements eat into PNC earnings

Earnings barely move from 4Q13

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower

Items Tagged with 'Congress'


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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Barclays: 4 reasons Johnson-Crapo is dead until post-election

Plus one reason it may be dead after that
April 1, 2014
Johnson-Crapo isn't going anywhere before the 2014 elections, Barclays says.
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Is the CFPB really swamped with mortgage complaints?

Not every consumer is a victim, not every complaint is worthy
April 1, 2014
If an incredibly complex and wide-ranging industry like housing sees just one-tenth of 1% of its customers end up complaining — and 80% of those complaints are closed with just a single explanation or none at all — does that mean that the mortgage industry is disproportionately mismanaged?
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FBI investigating flood insurance map fraud

Irony: With Biggert-Waters gelded, map lines moot
March 31, 2014
Now comes a story out of Florida serving as an example of how the current NFIP system is being abused, shifting the burden of flood insurance away from million-dollar beach homeowners and onto taxpayers.
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Here's the reaction to the latest Fannie, Freddie reform proposal

Waters' plan joins three others already in consideration
March 28, 2014
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
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Waters: It’s time to end Fannie and Freddie

9 major changes to housing finance proposed
March 27, 2014
Water's legislative proposal, known as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, would wind down Fannie and Freddie within five years and establish the Mortgage Securities Cooperative.
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Flood insurance rate hike delay becomes law

WH signs measure to continue flood insurance subsidies
March 21, 2014
The White House signed into law comprehensive legislation designed to delay planned rate hikes for flood insurance originally designed to reform the National Flood Insurance Program.
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Inspector General: FHFA fails to report FHLB expense data

It's a HERA requirement
March 20, 2014
For four years now, the Federal Housing Finance Agency failed to submit the Federal Home Loan Banks’ director expense data to Congress, as required by the Housing and Economic Recovery Act.
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Opposition growing among banks, lawmakers to Camp tax reform proposal

Primary focus on the excise tax on financial firms
March 18, 2014
Banking associations, leading financial institutions and now a number of House Republicans are coming out with grave concerns and – in the case of some big banks – outright if still quiet opposition to a comprehensive tax overhaul being proposed by the head of the House Ways and Means Committee.
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Congressional Republicans mull bill to add CFPB oversight

Legislates greater accountability, diversity of leadership
February 25, 2014
This week the House will consider a bill designed to bring what supporters say will be more accountability and transparency to a government entity that holds private businesses accountable.
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