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Short Takes: CFPB Releases Guide to RESPA and TILA Disclosure Forms/Fannie Forecasts Accelerated Economic Growth in 2Q 2014/FHFA 2014 Scorecard ‘Soon’/Congress Remains in Recess This Week

April 21, 2014
Thomas Ressler and Charles Wisniowski
ICYMI: Late last week, the Consumer Financial Protection Bureau released its guide to completing its integrated disclosure forms under the Real Estate Settlement Procedures Act and the Truth in Lending Act.
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Pilot from CFPB Will Aim to Digitize the Entire Mortgage Closing Process

April 18, 2014
Thomas Ressler
The CFPB plans to launch a pilot project as part of its efforts to improve the mortgage closing process.
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Top GSE Sellers Falter in First Quarter of 2014

April 18, 2014
John Bancroft
The market share for the top five sellers to Fannie Mae and Freddie Mac fell to 33.3 percent in the first quarter of 2014.
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Erbey: Servicers Now Competing Based on Compliance, Not Price

April 18, 2014
Brandon Ivey
Ocwen's Bill Erbey sees the positive in recent scrutiny of nonbank servicers.
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Mortgage Hassles Keep Share of Cash Home-Purchases at High Levels

April 18, 2014
Brandon Ivey
While mostly associated with investors, a fair share of current homeowners rely on cash for home purchases as a way to avoid the hassles associated with mortgage closings.
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Short Takes: Prediction on FHA Insurance Premiums / Nonbank Servicer Grows / Donovan to Talk Housing / Outlook for Interest Rates

April 18, 2014
Brandon Ivey
The FHA's mortgage insurance premiums could be set to decline at the end of FY 2015.
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Mortgage Production Slumped at Major Banks in First Quarter

April 17, 2014
John Bancroft
Originations by six major banks in the first quarter of 2014 fell by 27.9 percent compared with the previous quarter.
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Loss of Preemption Splinters Mortgage Joint Venture Industry

April 17, 2014
Thomas Ressler
The Dodd-Frank Act prompted major changes for mortgage joint ventures, with some firms striking out on their own and others sticking with the smaller market.
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Trade Groups Continue to Push HUD to Revise FHA’s High-Cost Loan Limits

April 17, 2014
Brandon Ivey
The MBA and others want documentation from HUD detailing the recent reduction to FHA loan limits in certain high-cost areas.
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Judge Denies S&P Motion to Split DOJ MBS Fraud Case, Allows Discovery

April 17, 2014
Charles Wisniowski
Judge in the DOJ's case against Standard & Poor's handed the rating service a mixed ruling.
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