By 2030, a full 20 percent of the American population will be at least 65 years old. The bad news is that a large percentage of that population will not be financially prepared to fund their retirements and age in their own homes, and the government needs to start fixing the problem now.
Read More »House Grants MLOs Transitional Licensing
The U.S. House of Representatives unanimously passed the SAFE Transitional Licensing Act by voice vote. The bill could alter the way that mortgage loan officers at a federally-insured institution move to nonbank lenders.
Read More »A Big Win for BOA in “Hustle” Case
Bank of America has been fighting for nearly two years to reverse a $1.27 billion penalty over Countrywide's "Hustle" mortgage program. Why did an appellate court reverse that penalty on Monday?
Read More »CFPB Plans Further Servicing Rules Updates
What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?
Read More »What Would Housing Finance Reform Look Like Under Clinton?
Clinton's hiring of former NEC Director Gene Sperling may give an indication of which direction she plans to go with GSE reform.
Read More »Is Homeownership Out of Reach for Millennials?
New research shows that millennial renters want to purchase a home, but based on current savings rates, they may need to save up for a decade or longer before they are able to come up with a 20 percent down payment.
Read More »An Industry on Bated Breath for PHH v. CFPB
PHH Corporation’s appeal of the CFPB’s ruling may not only clarify the CFPB’s reach in interpreting statutes and doling out enforcement actions, but it also challenges the very structure of the bureau and its director. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.
Read More »The Fed’s Plans for ‘Too Big to Fail’ Insurance Companies
Fed Governor Daniel K. Tarullo announced plans to address regulating insurance companies that are deemed too big to fail.
Read More »Clayton Holdings Receives Rankings from Morningstar
Morningstar Credit Ratings has ranked Clayton Holdings LLC as both a Residential Mortgage-Backed Securities Agent and as a Residential Representation and Warranty Reviewer.
Read More »Built-for-Rent Homes Regaining Market Share
The percentage of single-family homes built for the express purpose of renting them out is down from its peak reached in early 2013, but has been trending upward for the last four quarters. What has been driving the increase?
Read More »