The Federal Reserve Bank of New York has released a report that includes nine research papers aimed at identifying and understanding key factors affecting governance and culture in the banking industry,
Read More »Court Denies Shareholder Access to Freddie Mac Records
A federal court dismissed a lawsuit filed by a Freddie Mac shareholder who was seeking access to corporate records related to the Net Worth Sweep.
Read More »Is Housing Becoming Less Affordable?
By all accounts, recent good economic news combined with solid demand and low mortgage rates have all resulted in single-family home sales reaching levels not seen since before the crisis. Homes are selling at a higher rate—but are they more affordable?
Read More »Freddie Mac: Common Securitization Platform Nearly Ready
Later this year, Freddie Mac will achieve a goal it has been working toward with Fannie Mae under the direction of the Federal Housing Finance Agency since 2012, if all goes according to plan.
Read More »Court Denies Government’s Bid for New Trial in BOA ‘Hustle’ Case
Having dismissed a $1.27 billion penalty against Bank of America for the High Speed Swim Lane (HSSL, or "Hustle" program) in May, the 2nd Circuit Court of Appeals ruled in favor of the bank again on Monday.
Read More »Ex-Fannie Mae Chief Mudd Settles with SEC
Former Fannie Mae CEO Daniel Mudd and the Securities and Exchange Commission (SEC) have reached a settlement over a lawsuit the SEC filed against Mudd nearly five years ago.
Read More »Cordray to Senators: CFPB Does Tailor Regulations
CFPB Director Richard Cordray responded to a letter from a group bipartisan group of 70 U.S. Senators asking the Bureau to exempt the community banks and credit unions from certain regulations.
Read More »Housing’s Good and Bad News Both Present Opportunity
The homeownership rate is down and prices are up, and both metrics present chances for mortgage loan officers and their Realtor partners to ferret out opportunity.
Read More »The MReport Webcast: Friday 8/19/2016
The low mortgage rate environment has created an incentive for homeowners to refinance. But fewer and fewer of them are doing it through the government’s Home Affordable Refinance Program. ...
Read More »More Borrowers are Refinancing, But Not Through HARP
The low mortgage rate environment has created an incentive for homeowners to refinance. But fewer and fewer of them are doing it through the government’s Home Affordable Refinance Program (HARP).
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