At a Senate hearing Thursday, policymakers heard testimony on the Financial Stability Oversight Council’s current oversight of nonbank entities.
Read More »Why Mortgage Risk Is Rising
A report giving insights on indicators that are impacting the housing market revealed that these factors were impacting mortgage risk across all loan types.
Read More »Stress Tests: How Will Mortgage Loans Impact Bank Losses?
The results of the stress test scenarios to determine the resiliency of lenders in financially adverse situations were released for the three biggest banks in the country. Here’s what they revealed about loans that are most likely impact banks’ losses if things go south.
Read More »House Passes Bills to Strengthen Lending Accountability
Two bipartisan financial services bills aimed at reducing the regulations for banks and increasing the responsibility for designation of nonbanks are now headed for the Senate. How do these bills impact the industry?
Read More »Treasury Looks to Simplify the Community Reinvestment Act for Banks
The Treasury recently gave recommendations on regulatory and administrative changes to the CRA. Click through to learn more about how these changes could affect mortgage lending.
Read More »Are Nonbanks Susceptible to Liquidity Vulnerabilities?
Nonbanks originated about half of all mortgages in 2016 and 75 percent of mortgages insured by the FHA or VA. However, a recent study by the Brookings Institution ...
Read More »The Byproduct of Improved Loan Performance
Banks are experiencing an unintended consequence as a result of improved mortgage loan performance, according to Fitch Ratings.
Read More »House Grants MLOs Transitional Licensing
The U.S. House of Representatives unanimously passed the SAFE Transitional Licensing Act by voice vote. The bill could alter the way that mortgage loan officers at a federally-insured institution move to nonbank lenders.
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