President Barack Obama and Federal Reserve Chair Yellen met in the Oval Office to discuss the state of the U.S. economy in the midst of slowed growth due to lower consumer spending.
Read More »Gen Xers Shaken From Housing Bust Effects
There is an interruption occurring in the housing market. Homeowership numbers among Generation X have quickly went from first to last due to lingering effects from the housing bust.
Read More »Goldman Sachs Pays Big to Settle Fraud Claims
Goldman Sachs finalized a settlement announced earlier this year, stating that it has agreed to settle federal and state investigations probes concerning the sale of toxic residential mortgage-backed securities in the time leading up to the financial crisis.
Read More »Treasury Set to Fight MetLife Over ‘Too Big to Fail’ Removal
The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.
Read More »Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices
The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.
Read More »The Week Ahead: Will Homeowners, Appraisers Find Common Ground?
History has shown that homeowners typically value their homes at a higher price point than appraisers, and as the housing market evolves, these opinions were beginning to inch ...
Read More »Mortgage Credit Availability Tightens Up
Credit availability in the mortgage industry declined in March due to administrative changes causing declines in the availability of conventional and super conforming loan programs.
Read More »Fed’s Dudley Expects Housing to Stay on Course
Despite signs of softness in several sectors of the economy reported recently, the housing market should remain on a “solid trajectory” for the rest of 2016, according to New York Fed President and CEO William C. Dudley.
Read More »The Unintended Consequences of Housing
Director of Financial Regulation Studies at the Cato Institute, Mark A. Calabria, sat down with MReport and explained some of the hot-button issues affecting the mortgage space including the economy, regulation, compliance, homeownership, and the upcoming election.
Read More »TRID Could Mean Trouble for GSE Credit-Risk Transfers
Per the direction of their conservator and regulator, the FHFA, Fannie Mae and Freddie Mac were instructed not to conduct loan-level reviews for technical compliance with TRID when conducting their credit-risk transfer transactions.
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