Former Federal Reserve Chairman Ben Bernanke said on Thursday that he believes the U.S. government should have sought the prosecution of individuals for their roles in precipitating the 2008 financial crisis rather than companies.
Read More »FOMC Minutes Show Interest Rate Hike Delayed Due to Global Economic Woes
The minutes from the Federal Open Market Committee September meeting showed that the Fed's concern mostly lingers around global economic troubles, but they still intend to raise rates before the end of 2015.
Read More »Private-Label Securitization Market Disappearance Affects Credit Access
A diminishing private-label securitizations market among strong government-backed loans presents credit implications for the mortgage market. Director of the Housing Finance Policy Center at the Urban Institute Laurie Goodman highlights in a blog the importance of consumers knowing how the disappearance of the private-label securitizations market affects their access to credit.
Read More »Clayton Holdings Acquires ValuAmerica
Provider of loan due diligence, surveillance, REO management, valuations, and consulting services to the mortgage and real estate industries, Clayton Holdings LLC, recently announced its newest acquisition: ValuAmerica, Inc., a Pittsburgh-based, national title agency, appraisal management company, and technology provider.
Read More »LoanDepot Files SEC Registration for Proposed IPO Offering
LoanDepot, LLC recently announced that it has officially filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering.
Read More »The Low Down on the CFPB’s Marketing Service Agreements Bulletin: The Agency Gave the Industry What it Wanted…No Surprises Here
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. In this blog post, Kerri Panchuk, executive director, Membership Groups at The Five Star Institute discusses how all firms in the mortgage finance space–from lenders, servicers, title companies and appraisers–are officially ‘on notice’, with the Consumer Financial Protection Bureau issuing a bulletin Thursday, providing guidance on what constitutes a mortgage kickback or referral fee when setting up marketing services agreements.
Read More »GSEs Issue New Mortgage Repurchase Policies
Fannie Mae and Freddie Mac recently issued new updates to rules related to mortgage repurchases that will provide clarity and transparency to lenders and more credit access to borrowers.
Read More »Interest Rates Continue to Drop Following Disappointing Jobs Report
Mortgage interest rates fell to 3.76 percent for the week ending October 8, 2015, after a weak September jobs report.
Read More »Home Prices Not Sole Factor in Determining Affordability
Home prices are not the only determining factor when looking at affordable living options. In fact, markets with cheapest homes are not necessarily always the most affordable.
Read More »CFPB Says Marketing Services Agreements Undermine Consumer Kickback Protections
The Consumer Financial Protection Bureau issued a bulletin to the mortgage industry Thursday concerning marketing services agreements, finding these agreements undermine consumer protection against kickbacks.
Read More »