Dodd-Frank Rollback Raises Risk for Non-Banks
Recently enacted legislation to roll back some of the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is likely to have a negative impact on non-bank home lending.
Deputy Director Drops CFPB Lawsuit
Following President Donald J. Trump's nomination of a permanent director for the Consumer Financial Protection Bureau, a challenger to the acting director has dropped her lawsuit.
Several Mortgage Conferences, Events in July
Among mortgage industry events planned for this month are a loan officer expo, a consumer bankruptcy forum and an annual meeting hosted by a mortgage technology provider.
Fed Conducts Stress Test on U.S. Households
A report from the Federal Reserve Bank of New York indicates that while the household sector is still vulnerable to severe home-price declines, it has recently become less risky.
Supreme Court Declines to Hear FHFA MBS Case
The last holdout in a swarm of lawsuits filed in 2011 against underwriters and issuers of mortgage-backed securities has been resolved by the country's high court.
Supreme Court Could Hear CFPB Constitutionality Case
A decision by a federal judge in New York could bring the constitutionality of the Consumer Financial Protection Bureau before the nation's highest court.
CFPB Chief Nominee Named
The White House has signaled that an employee of the Office of Management and Budget will be nominated to run the nation's consumer financial watchdog.
Better Outcomes for Nonperforming GSE Loans Sold
A new report indicates that non-performing loans being sold by the government-sponosred enterprises are experiencing better outcomes than before they are sold.
Merrill Lynch Agrees to SEC RMBS Settlement
Merrill Lynch, Pierce, Fenner & Smith Inc. has agreed to settle allegations that it misled customers in order to get them to overpay for residential mortgage-backed securities.
Mortgage Events Cover Compliance, Regulation
Included among dozens of upcoming mortgage-related events are a compliance workshop, a regulatory conference and a mortgage accounting software user event.