Since the close of the financial crisis, Germany's largest bank has faced several settlements related to violations of U.S. sanctions, rigging of interest-rate benchmarks, and allegations that it defrauded mortgage issuers Fannie Mae and Freddie Mac.
Read More »Did the CFPB Make a TRID Error?
After months of back-and-forth between delays and grace period conversations, the Consumer Financial Protection Bureau finally launched the TILA-RESPA Integrated Disclosure rule nearly four months ago. But were there mistakes and confusing wording in the 1,888-page regulation that went overlooked?
Read More »3 Ways Alternative Data Offers Mortgage Lenders a Competitive Edge
As new credit populations emerge in the housing market and competition among lenders heats up, other data avenues must be considered to accommodate new borrowers.
Read More »Fed Chair Yellen: Economic Risks May Deter Rate Hike Plans
In her testimony before the House Financial Services Committee on Wednesday when discussing monetary policy, Yellen pointed out factors that have weighed on aggregate demand, such as limited access to credit for some borrowers, weak growth abroad, and the dollar’s significant appreciation.
Read More »Homeowners, Appraisers Closer to Seeing Eye-to-Eye
History has shown that homeowners typically value their homes at a higher price point than appraisers, but as the housing market evolves, these opinions are inching closer to reaching a point of equilibrium.
Read More »Homebuilders Cite Labor as Top Challenge in Housing Market
Though homebuilding hiring has increased, the number of unfilled jobs in the overall construction sector is growing and homebuilders can't seem to shake one particular worry looking ahead in 2016.
Read More »PennyMac’s Q4 Net Income Led by Loan Servicing
PennyMac Financial Services, Inc., recently reported higher fourth quarter profits, led by their loan servicing department.
Read More »U.S. Bank, Santander Pay $13 Million to Clear OCC Servicing Restrictions
The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.
Read More »President Obama’s Final Budget Plan: Strengthen the Economy
President Barack Obama had much to reflect on prior to unveiling his final budget plan for Fiscal Year 2017, but one theme remained consistent in every part of his speech to Congress and the U.S. today—economic strength is the key to America's future.
Read More »Affordability Concerns Constraining Homeownership
Although rents continue to rise at a rapid pace, many Americans are still shying away from the real estate market due to down payment and credit score troubles.
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