• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News >> Origination (page 443)

Analysts Fear FHA Shutdown in U.S. Default

Analysts Fear FHA Shutdown in U.S. Default

With total U.S. debt soaring past $14 billion in May and negotiations over a controversial ceiling raise splintering at the highest levels, analysts worry that the Federal Housing Administration may shut down if the federal government defaults on August 2 -- a crisis scenario that would wreak havoc in housing markets, tightening the credit supply and spoiling a recovery. Analysts suggest that a default by the government would unfairly and adversely impact minority homeowners.

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New Home Sales Drop

New Home Sales Drop

The U.S. Census Bureau and HUD released data indicating southerly drifts for sales of new homes, revealing a 2.1 percent drop beneath the April rate of 326,000, 13.5 percent above the 281,000 estimates from May 2010.

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Chamber: FTC, CFPB Need Fine-Tuning

Chamber: FTC, CFPB Need Fine-Tuning

Concerned by the risk that new regulatory infrastructure may duplicate existing financial rules, the U.S. Chamber of Commerce sent a letter to the Treasury Department and Federal Trade Commission on Monday outlining recommendations to minimize overlap between the former and the Consumer Financial Protection Bureau. Addressing Treasury Secretary Timothy Geithner and FTC Chairman Jon Leibowitz, the letter called for a Memorandum of Understanding in order to clarify and empower the FTC and CFPB.

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ABA, Mortgagebot Renew Alliance

ABA, Mortgagebot Renew Alliance

Under a new agreement between American Bankers Association subsidiary Business Solutions and Mortgagebot, banks signed up with the former will have the ability to access solutions for their online mortgage applications.

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MISMO Appoints New Board Member

MISMO Appoints New Board Member

On Tuesday the nonprofit data subsidiary of the Mortgage Bankers Association (MBA), MISMO, announced the appointment of senior executive Gabe Minton to a seat on its six-member board of directors. Gabe will provide excellent leadership for MISMO as it drives the development of technology standards for both the residential and commercial real estate finance industries, Michael D.

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Headless CFPB Prepares for Launch

Headless CFPB Prepares for Launch

Despite gridlock in the confirmation process for its embattled nominee, news reports put the Consumer Financial Protection Bureau on schedule to launch formal operations and ready to begin policing Wall Street in July, with or without the director that Senate Republicans vow to obstruct. With its management team and staff already in place, a broad array of powers sanctioned by the Dodd-Frank Act will empower the consumer protection bureau to issue new rules for over 100 banks with more than $10 billion in assets.

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House Republicans Propose Kneecapping CFPB

House Republicans Propose Kneecapping CFPB

Firing another salvo at the new Dodd-Frank regulatory regime, House Republicans submitted an appropriations bill last week that proposes slashing $350 million from the Consumer Financial Protection Bureau's budget for 2012. Released by the House Committee on Appropriations, the bill offers to cap funding for the CFPB at $200 million, keeping to a minimum the sweeping powers that Dodd-Frank invested in the new regulatory agency. Provisions also threatened to kneecap the Obama administration's 2011 fiscal year budget.

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Tech it Out: New Appraisal Compliance Partnership Announced

Tech it Out: New Appraisal Compliance Partnership Announced

Tech leaders a la mode and CoreLogic are teaming up. CoreLogic├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós ValuEdge platform will now connect with a la mode├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Mercury Network to facilitate ValuEdge's Native XML appraisal data. CoreLogic's ValuEdge software targets streamlined appraisal process compliance, and the integrated plugin with a la mode will provide CoreLogic with additional quality control elements and advanced bundling for all reports.

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