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.
Read More »Stress Test? Not for JPMorgan Chase
Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.
Read More »Congress Continues Sparring Over Dodd-Frank and CFPB
Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, namely the removal of the Financial Stability Oversight Council’s “systemically important financial institution” (SIFI) from MetLife and the Consumer Financial Protection Bureau’s pending trial from PHH Corp.’s appeal of a $109 million penalty handed down last June.
Read More »What do Sinking Mortgage Rates Mean for the Market?
Mortgage interest rates continued their downward pattern this week, reaching their lowest level since February of last year.
Read More »