Reverse Mortgage Funding expands payment options on proprietary reverse product Judge approves Citigroup’s $730M settlement with bondholders A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc’s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. U.S. District judge sidney stein asked lawyers for the bank and its shareholders to address several issues at an April 8 fairness hearing, including requested legal fees and.One Reverse Mortgage launches proprietary product | 2018-08. – One Reverse Mortgage has announced the launch its first proprietary reverse mortgage, the Home Equity Loan Optimizer, or HELO. The HELO offers borrowers access to up to $4 million in a lump sum.Radian earns $70 million in third quarter BancorpSouth reported record earnings of $66.7 million for the third quarter on. assets were $70.3 million, or 0.56 percent of net loans. In a new model of living, residents will have their own "microunits" built. a space he envisions as a dorm for Millennials, though he cringes at the..
CFPB’s Steven Antonakes dials back for borrowers Steven Antonakes. Speaking as an invited guest to a conference of the Mortgage Bankers Association yesterday in Orlando, Steven Antonakes, deputy director of the Consumer Financial Services Bureau, told the industry group he was "deeply disappointed" by their lack of progress in improving the.
WASHINGTON – Steve Antonakes, the No.2 at the Consumer Financial Protection Bureau, spent an hour with bankers on Wednesday attempting to ease concerns about impending mortgage rules and the examinations that will follow. Antonakes repeatedly told executives at the American Bankers Association’s.
Through the Truth in Lending Act, mortgage servicers are required to provide periodic statements to borrowers. In 2016, the bureau put in place a rule requiring servicers to send modified periodic statements or coupon books to consumers facing bankruptcy starting april 19, 2018.
Three Things Companies Hate About the CFPB’s Investigative Demands. The National Law Journal honors attorneys & judges who’ve made a remarkable difference in the legal profession in the D.C. area.
Steven Antonakes, who resigned last month from his position as the deputy director of the Consumer Financial Protection Bureau, has found his next role, and it’s one in which he should be able.
Mortgage rates steady after period of volatility Foreclosure nonprofit expands into Maryland Nationstar scoops huge Fannie, Freddie mortgage servicing portfolio It didn’t take long for Bank of America (NYSE:BAC) to make good on CEO Brian Moynihan’s recent comments about pruning the bank’s mortgage servicing rights portfolio. Another huge block. entity.FHA eases new rule on collections accounts FHA eases rules for some credit-impaired applicants – Blogger – FHA eases rules for some credit-impaired applicants | Inman News FHA eases rules for some credit-impaired applicants. AUG 26.. Collections – FHA does not require collection accounts to be paid off as a condition of mortgage approval. However, FHA does recognize that collection efforts by the.Massachusetts nonprofit brings foreclosure relief program to Maryland – A Massachusetts firm that acquires foreclosed homes and sells them back to their former owners under more affordable loan terms is expected to announce Friday its expansion into Maryland. Cherry.MGIC writes $2.1B in new primary mortgage insurance Quick to complete, quote, compare and share, MiQ, MGIC’s rate finder platform provides credit union mortgage insurance rates – with just a few pieces of data. Mortgage Insurance Rate Quotes | MGIC is for Credit UnionsMortgage Rates Steady to Higher Depending on The Lender Mortgage rates began the day very little changed versus yesterday’s latest offerings. That meant another morning of.
What We Have to Say About the CFPB’s Findings on Loan Servicing Failures The Consumer Financial Protection Bureau, or CFPB, issued a new report revealing widespread servicing failures reported by student loan borrowers who have either federal loans, private loans, or both.
CFPB’s Steven Antonakes dials back for borrowers Same mortgage message, different tone. March 3, 2014. Brena Swanson.
Subprime auto lending has surfaced as a top priority for the Consumer Financial Protection Bureau, the agency’s No. 2 warned on Wednesday. Speaking to an industry conference, CFPB Deputy Director Steven Antonakes also said that the agency was open to making changes to its complaint portal, which the regulator recently said would allow consumers to post detailed narratives of their problems.
Back to Top.NAHB: Builder confidence ends four months of consecutive increase "This is the first time that builder confidence has improved for three consecutive months since mid-2009, which signifies a legitimate though slowly emerging upward trend," said NAHB Chief.