Today the Federal Reserve Board (FRB) issued proposed rules that hold great promise for eliminating abusive and unfair practices that have become commonplace in the mortgage industry. If fully implemented, these rules could remove perverse incentives …
China’s banking regulator said Thursday that rules on mortgage for second-home buyers were not changed and it would “unswervingly” maintain it’s current rules. Liao Min, spokesman of the China Banking Regulatory Commission (CBRC), made the remark in …
A former Finleyville woman was sentenced Thursday to 27 months in federal prison for helping to orchestrate a multimillion-dollar mortgage financing scheme. U.S. District Judge Terrence McVerry also sentenced Tiffany Lynn Sprouts, 29, of Upper St …
WASHINGTON — Federal Reserve governors Thursday unanimously proposed tough new consumer-friendly disclosure rules for mortgages and home equity loans, tackling one of the less-appreciated causes of the nation’s deep financial crisis. After 18 months …
The proposals seek to overhaul the timing and content of disclosures for such products and ban “yield spread premiums”, controversial side payments to mortgage brokers for steering consumers to higher-cost loans. Fed staff, which drafted the …
The proposals seek to overhaul the timing and content of disclosures for such products and ban “yield spread premiums”, controversial side payments to mortgage brokers for steering consumers to higher-cost loans. Fed staff, which drafted the …
July 23 (Bloomberg) — The government waded into a fight between different classes of mortgage-bond investors with guidance that benefits owners of the highest-ranking securities at the expense of other debt holders. Mortgage servicers reworking …
July 23 (Bloomberg) — The government waded into a fight between different classes of mortgage-bond investors with guidance that benefits owners of the highest-ranking securities at the expense of other debt holders. Mortgage servicers reworking …
Homeowners in trouble are having mixed results applying for President Obama’s foreclosure prevention plan. CNNMoney.com readers tell us their tribulations and triumphs trying to get their loans modified or refinanced. NEW YORK (CNNMoney.com) — A …
Homeowners in trouble are having mixed results applying for President Obama’s foreclosure prevention plan. CNNMoney.com readers tell us their tribulations and triumphs trying to get their loans modified or refinanced. NEW YORK (CNNMoney.com) — A …
