How much consumer relief has SunTrust bank provided to distressed borrowers under the terms of the 2012 National Mortgage Settlement?
Read More »The MReport Webcast: Thursday 5/19/2016
As the 58th presidential election draw closer, many in the mortgage industry are wondering who will win and how the new president will impact housing. Zillow's latest Home ...
Read More »House Committee Questions Motive Behind Arbitration Proposal
The House Financial Services Committee examined the Consumer Financial Protection Bureau's (CFPB's) recently proposed arbitration rule, questioning if the rule is in the "public interest and for the protection of consumers."
Read More »Third Circuit Court Hands U.S. Bank a Victory
Why did a federal appellate court rule in favor of U.S. Bank in a case where a homeowner was trying to get his foreclosure dismissed?
Read More »The MReport Webcast: Wednesday 5/18/2016
This complex generation stirs up a lot of talk in the mortgage industry, mostly because they have come to be known as the financially unstable and indecisive, renter ...
Read More »One Servicer’s Search for a Needle in a Haystack
Ditech Financial and HLP announced an agreement to implement a borrower outreach effort to identify and assist the less then 1 percent of borrowers who are eligible for the FHFA’s Principal Reduction Modification program.
Read More »Are Stress Tests Still Important? To the OCC, They Are
Stress tests have come under some scrutiny lately as to whether or not they are providing any new, relevant information seven years after the Federal Reserve disclosed the results of the first stress tests. To the OCC, however, stress tests are still relevant.
Read More »Regulations Tend to Rise No Matter Who is President
The perception among Republicans is that the financial industry, and the country in general, have been overregulated under President Obama. But the president's political party might not be as much of a factor as some think.
Read More »The MReport Webcast: Tuesday 5/17/2016
The Consumer Finance Protection Bureau swept the industry earlier this month with a set of proposed rules that would prohibit mandatory arbitration clauses that deny groups of consumers ...
Read More »How Will the Supreme Court’s Ruling Affect Servicers?
In the case of Spokeo Inc. vs. Robins, the Court ruled that consumers must prove that they have suffered “concrete harm” in order to bring a class action suit under the FCRA. What does this ruling mean for mortgage servicers?
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