Tuesday, September 2, 2014
CFPB Picks 12 Companies For Mortgage Closing Study
WASHINGTON — The Consumer Financial Protection Bureau has chosen a dozen firms involved in the mortgage industry — including two credit unions — for a pilot program looking at whether electronic fillings can improve the mortgage closing process.
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EAST HANOVER, N.J. — Symbionce Financial Solutions LLC, a credit union service organization that offers mortgage services to CUs, on Thursday was ranked number 945 on Inc.magazine's eighth annual Inc. 500|5000. more »
LAGUNA HILLS, Calif. — As if credit union mortgage lenders did not have enough to contend with already, the Consumer Financial Protection Bureau has proposed numerous changes to the way home loan data will be collected — and possibly reported publicly. more »
CHICAGO — Mortgage delinquency rates declined by nearly 20% to a national rate of 3.46% in the second quarter from a year earlier, according to a report from TransUnion LLC. more »
The hot-button topic of what Fannie Mae and Freddie Mac should charge for loan guarantees is emerging as a key issue in reviving a private-label securitization market. more »
SAN JOSE, Calif. — How incredible is the housing market in and around the fabled Silicon Valley, the Northern California home of innumerable tech companies? more »
SAN JOSE, Calif. — Should credit union in the Bay Area be worried about a housing bubble? more »
Federal Housing Finance Agency Director Mel Watt said Tuesday he had no plans to weigh in on pending housing finance reform legislation, leaving it to Congress to decide as early as this week. more »
WASHINGTON – The Senate Banking Committee will vote Thursday on legislation to overhaul the housing finance system after abruptly postponing deliberations late last month. more »
WASHINGTON — The chance of a housing finance reform bill moving in Congress this year is seriously in question after six key Democrats have apparently rejected the plan offered by Senate Banking Committee leaders. more »
Fannie Mae and Freddie Mac executives warned that their solid first-quarter profits are unsustainable and the government-sponsored enterprises remain in a precarious condition because they are restricted from building capital. more »
The chief operating officer of the Federal Housing Finance Agency is facing a felony charge for threatening to kill the agency’s former top official, according to Washington, D.C. police and Superior Court records. more »
WASHINGTON — The Consumer Financial Protection Bureau proposed several changes to its biggest mortgage rules on Wednesday which would effectively allow lenders to get more loans defined as "qualified mortgages." more »
The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin. more »
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