Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

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
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Items Tagged with 'OCC'

ARTICLES

Feds reissue checks related to the Independent Foreclosure Review

Third attempt to reach eligible borrowers
Trey Garrison
Replacement checks are being mailed this week to borrowers eligible for payment under the Independent Foreclosure Review, according to the Office of the Comptroller of the Currency. Here's what's down with OCC.
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OCC: Mortgage performance improves in third quarter

Delinquencies, foreclosures decline on first-lien mortgages
Trey Garrison
Mortgage activity may be slowing overall, but first-lien mortgages are continuing to show improvement. Here's how it broke out in the third quarter.
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Large banks lower lending standards to pre-crisis levels

Underwriting standards start to weaken
Brena Swanson
A new survey shows that the days of risky mortgage lending may be back, citing concerns that big lenders are lowering their standards on some of the riskiest lending.
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OCC: 87% of settlement funds distributed to borrowers

Waters has called OCC's crediting system "nonsensical"
Ben Lane
According to the OCC, Qualified Settlement Fund 1 had disbursed 3,948,415 checks to distressed borrowers, totaling $3,385,814,432, as of January 24, 2014. Of those checks, 3,280,458 (83%), totaling $2,903,932,623 (86%), have been cashed or deposited as of April 8, 2014.
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Waters: Regulators used “nonsensical system” to setup mortgage settlement fund

Waters is "troubled" by GAO report on foreclosure process
Ben Lane
Waters said she was “concerned” with these GAO findings. Waters said the report also “show(s) that the settlement was reached without adequate investigation into the harms committed by the servicers.”
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Mortgage servicing foreclosure review faults subpar regulation

Cash payouts and foreclosure prevention fund based on "incomplete information"
Ben Lane
When it came to the $6 billion set aside for foreclosure prevention actions, the GAO found that the Fed and OCC did not define specific objectives for what was to be done with the money. Instead, the regulators negotiated with the servicers and identified broad objectives, including “that actions be meaningful and that borrowers be kept in their homes.”
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Did the foreclosure rate really get cut in half?

Yes, according to OCC data
Jacob Gaffney
The percentage of early stage delinquencies, 30 days+ overdue, is 2.6%, down 8.7% from a year ago and the lowest level at year-end since reporting began in January 2008. But the really big changes concern foreclosures.
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3 security concerns when working with third-party vendors

OCC: Vendor relationships create added risks
Brena Swanson

As more lenders turn to third parties, regulators are emphasizing the importance of gauging the potential risks involved. While relying on vendors is not bad, it is adding new weaknesses into the system.


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Why the OCC is worried about looser lending standards

New data shows lenders growing less reluctant
Kerri Ann Panchuk
The Office of the Comptroller of the Currency points out in its 19th Annual Survey of Credit Underwriting that OCC bank examiners studying banks noted an easing of underwriting standards in recent months.
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EXCLUSIVE: Sue Allon parts ways with Stewart Lender Services

Industry insider calls recent acquisition a fire sale
Brena Swanson
Just six months after Stewart Lender Services acquired key assets of Allonhill, Sue Allon exited the company before the ink on her business cards could even dry.
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