Tag Archives: Regulation

Banks may be missing out on an opportunity to expand their mortgage business by a large portion, according to a consumer mortgage study.

At an event in Washington Thursday, the Bipartisan Policy Center (BPC) announced the launch of its new Financial Regulatory Reform Initiative to evaluate the financial regulatory system after the Dodd-Frank Act. The initiative is designed to assistant Congress, the executive branch, and regulators as they work to develop and modify financial supervision and regulation.

When it comes to the continuation of current housing policies, both President Obama and Governor Romney largely agree.

As the market recovers, Berkery Noyes anticipates more volume in originations and greater need for alliances between mortgage and tech companies.

The Mortgage Bankers Association released a letter urging the CFPB to avoid proposals that may lead to consequences harmful to the industry.

One in eight banks wouldn't be able to maintain adequate capital in a stressed economic environment, according to a Trepp report. Using data from Q2, 784├â┬ó├óÔÇÜ┬¼├óÔé¼┬Ø12.7 percent├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øof banks tested failed to meet capital adequacy requirements. For banks that failed the test, Trepp estimates an additional $25 to $27 billion of combined capital would be needed to achieve a passing grade. A test rendered using the increased capital ratio requirements under Basel III yielded more alarming results, with 23.5 percent of banks failing to keep adequate capital.

The Community Mortgage Lenders of America (CMLA) is now 100 members strong, the organization announced.

Neither Barack Obama nor Mitt Romney has seemed particularly enthusiastic about discussing housing on the national stage, but Wednesday's debates saw a brief skirmish between the two candidates about regulation for the mortgage industry. The fleeting exchange on banking and mortgage regulation comes at an apt time, as New York attorney general Eric Schneiderman filed a lawsuit earlier in the week against JPMorgan Chase over mortgage securities fraud committed by a former Bear Stearns unit.

In her first monthly report as California Monitor, Katherine Porter described the servicers' efforts to reform their practices before the October 2 deadline.

Interthinx and Middleberg Riddle & Gianna are teaming up to offer attorney-backed compliance services to mortgage lenders.