President Signs Law Limiting GSE CEO Compensation
Multi-million dollar compensation for the chief executive officers of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. has been eliminated by a new law.
House Passes QM Legislation
The House has passed legislation that would give financial institutions a break on Qualified Mortgage rule requirements -- though a presidential veto is likely.
CT Mortgage Firm Converts From Broker to Banker
Norcom Mortgage has made the conversion from mortgage broker to mortgage banker -- growing from dozens of employees to hundreds in the process.
FHA Earns Passing Grade
For the first time in years, the Federal Housing Administration's Mutual Mortgage Insurance Fund has met congressionally mandated capital requirements.
Former TARP Chief to Head Minneapolis Fed
The chief architect of the Troubled Asset Relief Program has been tapped by the Federal Reserve Bank of Minneapolis to be its new president.
Clinton Supports Tougher Financial Regulation
In an article written by presidential candidate Hillary Clinton, the former secretary of state and senator describes how she, if elected president, would prevent the next financial crisis.
House Passes TRID Legislation
Less than a day after the White House threatened to veto legislation that would give lenders a hold-harmless period on implementation of new integrated disclosures, the House of Representatives passed the bill.
Administration Threatens to Veto TRID Legislation
It's only been a few days since new integrated disclosures have gone live, and already a battle is brewing between the executive and legislative branches of government.
Cordray: Purchase Financing, Lenders Increase
In testimony before Congress today, the head of the Consumer Financial Protection said that despite new mortgage rules -- home purchase lending is growing as is the number of residential lenders and bank lenders. But other data don't necessarily support these trends.
More Data Sought for Lender Placed Insurance
A government study concludes that states need to collect more detailed data and implement more potent policies and procedures for lender-placed insurance.