Compensation for directors at each of the 12 Federal Home Loan Banks increased in 2012, continuing a trend begun in 2011 where a directors earnings started to show a wide range across the FHLBanks for similar positions, according to the Federal Housing Finance Agency.
Lewis Ranieri, one of the inventors of the non-agency mortgage-backed security, said there are currently a lack of viable alternatives to agency mortgages.
The Supreme Court will hear weigh in on fair lending laws and disparate impact in the case of Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc.
Former rating analysts at two of the major rating services told the Securities and Exchange Commission that problems with the rating system are due to management at the rating services, not the analysts in charge of assigning ratings.
Bipartisan legislation in the house to enact a transitional period for loan originators relating to the SAFE Act, a previous of a hearing on the Dodd-Frank Act's impact on homeownership by a subcommittee of the House Financial Services Committee, and regulatory implementation materials from the Consumer Financial Protection Bureau.
Ocwen Financial announced on Thursday that it will purchase the vast majority of OneWest Banks servicing portfolio. The special servicer is set to acquire $78 billion in unpaid principal balance of mortgage servicing rights and related servicing advance receivables for $2.53 billion.
Overt acts of housing discrimination may have declined significantly but subtle forms of racial bias continue against minority home purchasers or renters nationwide, according to a new study released by the Department of Housing and Urban Development and the Urban Institute.
The linchpin for a viable and comprehensive National Mortgage Database is to ensure that the identities of both mortgage borrowers and mortgage servicers from whom the statistical information is collected for analysis are protected behind a firm wall of security countermeasures, according to project architects.
The amount of home-equity loans held by depository institutions continued to decline in early 2013, with little sign that banks, thrifts and credit unions are likely to ramp up their lending in the near future, according to a new Inside Mortgage Finance analysis and ranking.