Attention lenders: The CFPB is now focusing more on fair lending in mortgages

An Uncertain Future For Fair Lending Enforcement At CFPB.. ensure a persistent attention to fair lending issues.. to pursue fair lending matters, those matters will now compete for attention.

Lenders will be required to submit more data fields about their home loans, which could provide more evidence to regulators of potential redlining. "The proposed changes to HMDA will provide more insight to the CFPB, with regard to its fair lending enforcement efforts.

Mortgage rates steady after period of volatility "If you are planning on purchasing in the next five years, save it in a place not subject to stock market volatility. adjustable-rate mortgage could also make sense. ARMs offer a fixed, lower.

Trends From CFPB’s Unwavering Focus On Fair Lending. According to its report, the CFPB promises to remain committed to fair lending compliance in all credit markets, and irrespective of the present political climate, plans to increase its focus in the coming years on three areas: redlining, mortgage and student loan servicing,

Mortgage servicers bypass foreclosure delays with more short sales Seeing great potential both from short sales and the buyers who come forward to explore them, Realtors have been persistent. short sales have increased from 11% of the market a year ago to over 15% today. As a result of a growing number of offers, more servicers and their lender clients have seen the wisdom of giving short sales greater priority.

Mulvaney Strips CFPB Lending-Discrimination Watchdog of Its Power. Instead of giving the watchdog the ability to go after lenders to who change their interest rates based on race, or other discriminatory practices, the office will now focus on “advocacy, coordination, and education,” according to a memo to CFPB employees.

Yellen: Fed needs to detect asset bubbles when they’re forming SIGTARP: HAMP’s failure ‘devastating,’ permanent mods flat in December International. China Ships Spar With Vietnam Coast Guard Near Rig. From his Vietnamese coast guard boat at night, Lieutenant Phan Chi Cuong can see the yellow lights of an oil rig 10 nautical miles away.By the time Janet Yellen became Fed chair, the Fed was no longer buying new long-term assets under the LSAP program. The Fed was, however, continuing to reinvest the proceeds from earlier investments to keep the natural "rolloff" of maturing assets from running down the Fed’s stock.

Attention lenders: The CFPB is now focusing more on fair lending in mortgages. Access," gives borrowers the chance to secure loans between those amounts regardless of where. from or made to pay more for mortgages, indirect auto loans, and credit cards because of their race, ethnicity, sex, or.

Nationally, some 4 million homeowners are facing foreclosure this year and another 11 million are “underwater,” meaning that they owe more on their mortgages than their homes are now worth. it.

Freddie Mac posts net income of $7.7B in 2014 Messina, who spent 17 years in executive positions GE’s retail finance, mortgage and equipment management businesses, said on the July call that PHH would net about $821 million. its mortgages to.

Managing the Fair Lending Risk of Pricing Discretion: A Survey of Mortgage Industry Practices www.crai.com Charles River Associates white paper | 1 As advisors to mortgage lenders on operations, risk management and compliance, clients often ask us about "best practices" in various aspects of mortgage lending.

NeighborWorks America ranks No. 3 on Top-100 list Alt-A, HELOCs Proving Problematic; Are Prime Jumbos Next?  · You’re not doing the next-gen loans on deck such as 5 minute helocs, 1sts that require no paperwork at all, are approved based on bank and card transaction data – no tax returns, paystubs, w-2’s etc – and processed on the blockchain with smart contracts.Wells Fargo & Company (NYSE:WFC), NeighborWorks America and Neighborhood Housing Services (NHS) of Baltimore today announced the NeighborhoodLIFT program will expand for Baltimore with a $6 million commitment by Wells Fargo to boost local homeownership. The 2019 Baltimore NeighborhoodLIFT program follows the 2012 CityLIFT program for Baltimore that included a $5.8 million investment from.

These so-called yield-spread premiums were "an outrage" that were "driving people into more expensive loans than. defends banks in fair lending cases. "I believe [the CFPB] is worried about that,".

CFPB Finalizes Rule to Improve Information About Access to Credit in the Mortgage Market. In 2014, 7,062 financial institutions reported information about approximately 11.9 million mortgage applications, preapprovals, and loans. While the HMDA dataset is the leading source of information about the mortgage market,

Citi earnings plummet amid $7B RMBS settlement The best and worst state economies Idaho and New York claim the most satisfied renters, averaging a 4.6 and 4.3 rating across all properties in the state, respectively. Delaware (4.1), Nebraska (3.9), and Indiana (3.8) boast the next.Home News Industry News Citigroup agrees to US$7B settlement.. said Monday that it has reached an agreement to settle an ongoing investigation into residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) issued, structured or underwritten by Citi between 2003.