According to a new letter obtained by Inside Mortgage Finance, HUD says it is uncertain whether any new loan created under the controversial eminent domain plan would qualify for FHA insurance.
FHFA has handed over a list of CEO candidates to Spencer Stuart, which bills itself as an international recruiting firm with 54 offices in 29 countries.
The PATH Act awaits a vote on the House floor. But Hensarlings measure is widely viewed as a non-starter in comparison to the Senates bipartisan Corker-Warner bill.
The Federal Trade Commission plans to ask the Office of Management and Budget to extend through Nov. 30, 2016, the current Paperwork Reduction Act clearance for the FTCs shared enforcement with the CFPB of the information collection requirements in Regulation N (Mortgage Acts and Practices Advertising). That clearance expires Nov. 30, 2013. The FTC is inviting public comments on a handful of related issues, the first of which is whether the proposed collection of information is necessary for the proper performance of the...
Even though the CFPB has yet to release its final rule and related forms under its consolidated consumer disclosure project, Fannie Mae and Freddie Mac recently announced they are working on a standardized dataset to support the forms when the rule is finalized by the bureau, which is expected in October. The government-sponsored enterprises dataset is called the Uniform Closing Dataset, and is a component of Fannies and Freddies Uniform Mortgage Data Program, an ongoing effort to enhance the accuracy and quality of loan data...
Up until recently, if a mortgage joint venture of Wells Fargo asked its partner if the megabank was still feeling the love for joint ventures, the answer wouldve been yes. At least thats the word from one JV executive who received the news recently that Wells was tossing all of its origination JVs overboard. Earlier in the year, the bank told its two largest JVs HomeServices Lending and Prosperity Mortgage that everything was hunky dory. Well, apparently not. Of course, both Home and Prosperity neednt worry...