The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'

According to the new White House budget, it appears that the FHA will need a draw from the U.S. Treasury after all. But will it happen?

The National Credit Union Administration keeps racking up the "wins" in its drive to recover losses on faulty MBS sales.

In two weeks the White House will meet with some of the largest residential funders in the U.S. But will President Obama show?

After losing an appeal, the UBS MBS case brought by the Federal Housing Finance Agency is set for trial early next year.

According to the government, Golden First Mortgage Corp. of Great Neck, NY, failed to carry out its duties and responsibilities as a direct endorsement lender, leaving FHA with large losses.

CFPB’s crosshairs, the bureau revealed week as it announced enforcement actions against four private mortgage insurers over the industry’s use of captive reinsurance arrangements, and fining the companies relatively small amounts. These units have been in runoff mode for several years, as captive re withered after the market collapse. “[I]n every kickback situation, there is somebody paying and somebody receiving. It takes two to tango,” said CFPB Director of Enforcement Kent Marcus. “Today, we’re dealing with those paying...

The CFPB went “live” with a significantly expanded consumer complaint database late last month, featuring a wealth of new data on problems consumers have with credit cards, mortgages, student loans, bank accounts, services and other consumer loans. The CFPB characterizes it as “the nation’s largest public database of federal consumer financial complaints, opening up to consumers information on more than 90,000 individual complaints on financial products and services.” CFPB Director Richard Cordray said, “By sharing these...

The CFPB is now accepting consumer complaints about money transfer transactions, otherwise known as remittances, the bureau announced last week. The agency specifically wants to hear from consumers who have an issue such as money was not available when promised; a wrong amount charged or received (transfer amounts, fees, exchange rates, taxes, etc.); or incorrect/missing disclosures or information. The CFPB also wants to hear about other transaction issues (unauthorized transaction, cancellation, refund, etc.); other service issues...

The Conference of State Bank Supervisors is calling upon the Consumer Financial Protection Bureau to adopt a petition process to define “rural” counties as the bureau prepares to implement balloon “qualified mortgage” and escrow requirements for rural creditors. The Dodd-Frank Wall Street Reform and Consumer Protection Act confers QM benefits on certain balloon loans if they are made in rural or underserved areas. In implementing the standard, the CFPB decided to use the USDA Economic Research Service’s Urban Influence Codes as...