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23 Oct 2017, 8:48 am
Although corporations promote arbitration as more efficient and equally just as the courts, neither is true. [read post]
17 Oct 2017, 7:00 am
The IRS also extended penalty relief related to information reporting for mortgage servicers and state housing finance agencies. [read post]
17 Oct 2017, 7:00 am
The IRS also extended penalty relief related to information reporting for mortgage servicers and state housing finance agencies. [read post]
10 Oct 2017, 12:30 pm
FEMA holds daily video-teleconference with leadership across various departments and agencies. [read post]
5 Oct 2017, 5:20 pm
The First Marblehead Corp. disclosed the troubles of the loans years ago, and the ratings agencies downgraded many of the securities issued by the Trusts.The private student loans originated in 2007, the year before the financial crash, were inherently problematic. [read post]
5 Oct 2017, 10:47 am
SB 2 is expected to primarily affect mortgage financings, among other transactions. [read post]
5 Oct 2017, 10:47 am
SB 2 is expected to primarily affect mortgage financings, among other transactions. [read post]
4 Oct 2017, 8:47 am
The hotline operates through a partnership between Legal Services Corporation of Puerto Rico, the American Bar Association (ABA) Young Lawyers Division, the Federal Emergency Management Agency (FEMA), and the Louisiana Civil Justice Center (LCJC). [read post]
29 Sep 2017, 8:31 am
The CFPB found that Meridian is a title insurance agency that issues title insurance policies and provides loan settlement services in connection with residential mortgage transactions that are subject to RESPA. [read post]
18 Sep 2017, 2:12 pm
On September 13, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released proposed changes to each agency’s Community Reinvestment Act’s regulations relating “Regulation C, which implements the Home Mortgage Disclosure Act[.] [read post]
18 Sep 2017, 2:12 pm
On September 13, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released proposed changes to each agency’s Community Reinvestment Act’s regulations relating “Regulation C, which implements the Home Mortgage Disclosure Act[.] [read post]
Director Cordray delivers second September speech in Ohio refueling rumors of Ohio gubernatorial run
14 Sep 2017, 11:37 am
He reflected on the creation of the CFPB and touted certain milestones of the agency. [read post]
6 Sep 2017, 7:39 am
” While originally aimed at credit repair scams, this broad definition has been read to cover credit monitoring products offered by consumer reporting agencies. [read post]
31 Aug 2017, 4:44 pm
If a DEL approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to HUD, FHA’s parent agency, for the losses resulting from the defaulted loan. [read post]
31 Aug 2017, 12:59 pm
We previously reported on mortgage-related guidance issued by Fannie Mae, Freddie Mac, HUD, and VA regarding mortgage loans. [read post]
31 Aug 2017, 7:32 am
On September 12, 2017, the Supreme Court of Ohio will hear oral argument in the case of Frank and London Insurance Agency v. [read post]
28 Aug 2017, 10:00 am
FICO credit scoring models, which are used by the three credit reporting agencies (Experian, Equifax and TransUnion) were created by the Fair Isaac Corporation to assess whether borrowers are a credit risk. [read post]
25 Aug 2017, 12:56 pm
Subprime Auto Loans Subprime auto loans have been and are being bundled into auto loan asset-backed securities (“ABS”) and sold to the public as solid, income-producing debt investments similar to corporate bonds. [read post]
13 Aug 2017, 2:46 pm
A critical part of the agency’s allegations in that action was that Mozilo had manipulated multiple, overlapping Rule 10b5-1 trading plans to permit him to reap vast profits in trading his shares in company stock while he was aware of increasingly serious problem in the company’s mortgage portfolio. [read post]
13 Aug 2017, 6:00 am
Title III’s Tools to Promote PPP Transactions PROMESA’s Title III process represents a unique opportunity for the commonwealth to address not only its financial and pension-related liabilities but also a chance to truly transform some of its public corporations and instrumentalities by bringing in private sector expertise and capital to improve services currently delivered by the government. [read post]
