Mortgage News

Read the latest news about mortgages, foreclosures, servicers, loan modifications, HAMP, Dodd-Frank, Qualified Residential Mortgage (QRM), mortgage brokers and more.


Items 101 - 120 of 200  Previous12345678910Next
  • New Frontier Bank Fined $70,000 by FDIC 
    St. Louis Post-Dispatch 30 Jun 2014
    New Frontier Bank has paid a $70,000 penalty after being accused of violating the Real Estate Settlement Procedures Act (RESPA).
  • FHFA Assists 3.2 Million Troubled Homeowners 
    Housing Wire 27 Jun 2014
    The number of foreclosure prevention actions completed by Fannie Mae and Freddie Mac during the first quarter fell to 88,800, down from 99,704 in the fourth quarter of 2013, according to the Federal ...
  • Many Homeowners With Loan Mods Face Rate Increases 
    Los Angeles Times 22 Jun 2014
    Beginning this year, many homeowners who received loan workouts to avoid foreclosure will face higher rates and monthly mortgage payments.
  • After Unemployment Extension Fails to Pass, Congress Is a Culprit in Foreclosure Crisis 
    Roll Call 20 Jun 2014
    Many U.S. communities are still experiencing serious problems related to foreclosures, largely due to predatory lending and lingering recession. In a commentary piece, Democratic Reps.
  • SunTrust Fined Over Mortgages 
    Wall Street Journal 18 Jun 2014
    SunTrust Banks will pay $968 million in fines and consumer relief to settle federal allegations of abusive mortgage practices.
  • Mass. Homeowners to Get $3 Million in Settlement 
    Boston Globe 16 Jun 2014
    Atlanta-based Ocwen, the country's No. 4 mortgage servicer in terms of size, has reached a new settlement with Massachusetts.
  • City of Miami Sues JPMorgan, Claims Mortgage Discrimination 
    Reuters 16 Jun 2014
    JPMorgan Chase, the nation's biggest bank, is being sued by the city of Miami for engaging in mortgage discrimination for at least the past 10 years.
  • Limits on Foreclosure Sales Stir a Debate 
    Wall Street Journal 14 Jun 2014
    Nonprofit groups and mortgage industry interests are butting heads over policies that restrict who can participate in short sales and foreclosure sales, and under what circumstances.
  • Softened Mortgage Rule Advances 
    Wall Street Journal 11 Jun 2014
    The Securities and Exchange Commission has relaxed its position on a Dodd-Frank mortgage rule, paving the way for the standard to win approval and be finalized in coming months.
  • House Passes Tweak to Loosen QM Rule 
    American Banker 11 Jun 2014
    The Mortgage Choice Act won House approval by way of a late June 9 voice vote.

    The measure would count neither insurance and taxes held in escrow nor fees paid to affiliated companies as ...
  • Court Rules Against Wells Fargo on Mortgage Allegations 
    Associated Press 10 Jun 2014
    A U.S. appellate court has ruled that Wells Fargo must face new allegations of mortgage wrongdoing despite an existing settlement under which it has already paid out $5 billion.
  • HMDA Data Offers Clues on Discrimination Against Gays 
    American Banker 10 Jun 2014
    Home Mortgage Disclosure Act data show that denials were down in all categories for male and female same-sex borrowers in 2012, but the rate was still higher for same-sex couples than for mixed-sex ...
  • Economic Worries Still Dragging Down Housing Market, Fannie Mae Says 
    Los Angeles Times 09 Jun 2014
    A new survey from Fannie Mae indicates that 57 percent of respondents believe the economy is moving in the wrong direction.
  • Congressional Inaction on Debt Forgiveness Bill Affects Short Sales 
    Los Angeles Times 09 Jun 2014
    The expiration of the Mortgage Forgiveness Debt Relief Act on Dec. 31 is affecting the broader housing market.
  • CFPB Going Digital 
    Housing Wire 09 Jun 2014
    With a surge in new regulation, the Consumer Financial Protection Bureau is executing extra effort to ensure everything is understandable to borrowers, lenders, and servicers alike.
  • Cracking Down on Illegal Mortgage Referrals 
    New York Times 08 Jun 2014
    Since assuming enforcement of the Real Estate Settlement and Procedures Act (RESPA) from HUD three years ago, the Consumer Financial Protection Bureau has shown the mortgage, title, and realty ...
  • Summers: Why Obama Didn't Push Broad Mortgage-Debt Reduction 
    Wall Street Journal 06 Jun 2014
    Larry Summers, head of the White House's National Economic Council in the early years of the Obama administration, is defending President Obama's mortgage-relief policy.
  • Fannie Mae Widens Unemployment Forbearance Powers for Mortgage Servicers 
    Housing Wire 04 Jun 2014
    Servicers using Fannie Mae's Unemployment Forbearance program no longer need the mortgage financier's approval to grant relief to recently unemployed borrowers who are imminent danger of default.
  • Massachusetts Sues Fannie and Freddie Over Foreclosure Law 
    New York Times 03 Jun 2014
    Massachusetts Attorney General Martha Coakley has sued Fannie Mae and Freddie Mac for failing to comply with the state's anti-foreclosure law, enacted in 2012.
  • Delinquent Mortgages Up 
    Investor's Business Daily 03 Jun 2014
    Black Knight reports that the share of home loans that are delinquent increased a bit to 5.62 percent in April from 5.52 percent in March.
Items 101 - 120 of 200  Previous12345678910Next