New Tools Ready for Integrated Disclosure Rule
While the integrated disclosure rule taking effect soon, some industry associations are concerned about a smooth transition to the new system. Trade groups support legislation granting a regulatory enforcement grace period. But a handful of service providers promise to help keep lending business practices on point with compliance.
Sen. Warren Moves to Protect Dodd-Frank
Pending trade legislation could weaken provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and Sen. Elizabeth Warren (D-Massachusetts) is tying to prevent that.
Influencing Mortgage Regulation
Mortgage firms can do more to influence regulation, and they don't need lobbyists or lawyers, a pair of legal experts told attendees at a mortgage servicing conference.
Quicken Sues Gov Over DOJ Shakedown on FHA Loans
Quicken Loans Inc. has filed a lawsuit alleging that it is being pressured to settle with the government on compliant Federal Housing Administration loans.
FHFA Lawyer Testifies on NV Super Priority Liens
The general counsel at the Federal Housing Finance Agency is advising state lawmakers in Nevada about the hazards of super-priority liens.
FHA Chief Being Replaced
A new official has been appointed to oversee the Federal Housing Administration -- though it won't be as Federal Housing Commissioner for the time being.
IN AG Opposing Bill to Cut Foreclosure Time
Pending legislation that would reduce the lengthy foreclosure process in the state of Indiana is being opposed by the state's attorney general.
Senate Bill Seeks to Ease Lending on Mfg Housing
A quartet of senators are behind a bill introduced this week that is intended to ease restrictions on financing manufactured homes.
Montana Bills Address State Supreme Court Decision
The GOP in Montana has submitted legislation intended to alleviate concerns by home loan servicers over a recent state Supreme Court decision. Some say the bills are bad for consumers.
FHFA Director Defends 97% to Lawmakers
The director of the Federal Housing Finance Agency faced criticism from House Republicans over the government-sponsored enterprises' 97 percent loan-to-value programs.