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 'Consumer Financial Protection Bureau'


Prospect Mortgage offloading appraisal management company

Did regulatory pressure press too hard?
April 10, 2014
California-based Prospect Mortgage confirmed it entered into an agreement to sell its appraisal management company Velocette Resource Group. Will this turn into a new industry trend?
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Did the dissection of the CFPB by the American Banker go too far?

Unusual embargo times are not so unusual
April 1, 2014
The Consumer Financial Protection Bureau receives its share of criticism. But, the odd use of its embargoes is not exactly noteworthy. However, the American Banker disagrees. Would consumers even notice?
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CFPB issues TILA-RESPA compliance guide

Governs new mortgage disclosure forms
March 31, 2014
The Small Entity Compliance Guide will serve to help smaller lenders and other mortgage companies understand and comply with the new mortgage disclosure rules, designed to make it easier for consumers to understand the loan documentation.
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Johnson-Crapo mark up, CFPB investigation coming in April

Congress will at least be talking GSE reform, if not doing
March 28, 2014
Johnson-Crapo markup and a hearing on discrimination and employee retaliation at the Consumer Financial Protection Bureau are on tap in April on Capitol Hill.
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Is Benjamin Lawsky only going to get more aggressive?

Ballard Spahr says industry hasn’t seen anything yet
March 27, 2014
In a note to clients, Ballard Spahr warns that the head of the New York State Department of Financial Services is only going to get more aggressive in his crusade against perceived wrong-doers.
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Proposed rule makes AMCs use only "competent" appraisers

AMCs would face state-level rejection
March 24, 2014
Up until recent years, appraisal management companies operated in the dark. However, a new proposal from six housing related agencies should help provide some needed guidance.
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The truth behind the safety of nonbank servicers

Compass Point: 4 areas show strength
March 11, 2014
Nonbank mortgage servicers are stuck in the undercurrent of a heavy wave of regulator scrutiny and industry surveillance. And as regulators go after nonbanks, the real question remains: Are they justified?
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5 ways children hold the key to housing’s future

Why did the housing bust happen in the first place?
March 10, 2014
The market came to a screeching halt during the financial crisis, but it wouldn’t have had to if the market did one thing: emphasize education.
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Changing Y-bother into Y-not

Student debt...housing's future pitfall?
March 4, 2014
Student debt is becoming too big to just toss under the rug and forget. At its current pace, it could be the next greatest pitfall to housing.
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From HW Magazine

Does the CFPB need to lighten up?

Maybe it's time for everyone to just go a little easier
March 1, 2014
The Consumer Financial Protection Bureau (CFPB) is becoming a light switch regulator, operating in two modes, either on or off. For last month’s cover story, I could argue that Director Richard Cordray’s behavior toward consumers was decidedly on, while his behavior to the trade press was decidedly off.
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