Browse articles from all of our Newsletters related to State Regulators.
March 14, 2014 - Inside Nonconforming Markets
Nationstar Mortgage joined Ocwen Financial last week under the glare of the New York Department of Financial Services spotlight. Ben Lawsky, superintendent of the NYDFS, said the state regulator has received hundreds of complaints about Nationstars practices, including problems with loan modifications, improper fees and lost paperwork. Our department has significant concerns that the explosive growth at Nationstar and other nonbank servicers may create capacity issues ...
- Top Mortgage Players: 4Q13
- GSE Repurchase Activity Full Year 2013
- GSE Seller Profile: 4Q13
- GSE Private Mortgage Insurance Profile
- Mortgage Profitability Report: 3Q13
- GSE Market Profile: FY12
What do you think is the biggest hurdle to meeting the new QM standards in the CFPBs ability-to-repay rule?
- A debt-to-income (DTI) cap of 43%.
- A 3% cap on points and fees.
- An interest rate cap of the average prime offered rate (APOR) plus 1.5%.
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