Most Community Bankers Concerned About Mortgage Regulations: Survey
A majority of small bank executives are concerned about the impact of new regulations on their mortgage lending business, according to an industry trade group. News
A majority of small bank executives are concerned about the impact of new regulations on their mortgage lending business, according to an industry trade group. News
If you’re like most people, you want to get the lowest interest rate that you can find on your mortgage loan. But how is your interest rate determined? That can be difficult to figure out for even the savviest of mortgage shoppers. Your lender knows how your interest rate gets determined, and we think you [...]
Buying a home is a big purchase, but it’s just that: a purchase. When it comes to spending money on our daily expenses, we have lots of options to help us find the best deal possible. Take, for example, digital gadgets. To get a good deal you can search for sales, find coupon codes, and [...]
The Senate approved a bill late Tuesday that would retroactively extend over 50 expiring tax provisions for one years, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale. News
Giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders' and borrowers' qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers. News
A Florida-based mortgage modification business and its owner are banned from the industry as part of a settlement resolving Federal Trade Commission charges that he tricked financially strapped consumers into paying for mortgage-relief services that he never provided. Collection & Credit Risk
The national mortgage delinquency rate will be 2.51% in 2015, the lowest mark since the start of the recession in the third quarter of 2007, according to a TransUnion forecast. Collection & Credit Risk
Federal Housing Finance Agency Director Mel Watt has struck a conciliatory tone, seeking lenders' input and making loan-buyback rules more industry-friendly — a clear signal the administration thinks it needs bankers' help to reignite the tepid housing recovery. News
Today, we’re proposing changes to our Mortgage Servicing Rules, which took effect on January 10, 2014. These rules provide important protections for consumers with mortgages, including: Requiring mortgage servicers (people who manage your mortgage loan account) to provide you with periodic mortgage statements or coupon books that give you important information about your mortgage. Requiring [...]
More than 15 million people receive Social Security disability income every year. For those relying on this income, qualifying for a mortgage can unfortunately become a challenge when lenders ask for proof of how long they will receive their benefits. Today, we’re reminding lenders that placing unnecessary documentation requirements on recipients of Social Security disability [...]