Regulation

Sen. Bob Corker
Despite strong bipartisan support, a bill that would provide banks greater assurance of confidentiality when they provide information to the Consumer Financial Protection Bureau remains mired in the Senate. Exactly why is hard to unravel, but most industry representatives point to Sen. Bob Corker as the chief roadblock.

Sen. Bob Corker
The Federal Housing Administration will begin collecting full, electronic appraisal reports for the mortgages that it insures.

Sen. Bob Corker
The FHFA has created a financial incentive for executives at Fannie Mae and Freddie Mac to ensure that deadlines for the Uniform Mortgage Data Program are met.

The owners of a Los Angeles-based real estate company were charged last week by the Securities and Exchange Commission with violating antifraud and securities registration provisions by defrauding investors through a business that had false track records.

In a letter to the Federal Housing Finance Agency, the top Republicans on the House Financial Services Committee posed a series of questions that highlight some of the possible downsides of allowing writedowns.

Sen. Bob Corker
The Home Affordable Refinancing Program is designed to reach borrowers that have little or no equity in their homes.

Sen. Bob Corker
There is a dichotomy that has developed in the warehouse lending marketplace, said one industry consultant. There are more of these lenders around than a few years ago. But they are looking to make credit available only for loans that fit their overlays.

Sen. Bob Corker
Proponents of principal forgiveness are certainly well-intentioned and cannot be faulted for seeking opportunities to help troubled borrowers.

A certain fast-growing nonbank wholesaler has landed on Wells Fargo’s “exclusionary” list and is also about to be bounced from what’s left of Citigroup’s correspondent program.

Sen. Bob Corker
Nonbank trade groups are calling on the Consumer Financial Protection Bureau to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.

Sen. Bob Corker
The mortgage loan officer registration and licensing law known as the SAFE Act makes it cumbersome for bank loan officers to jump to an independent (nonbank) mortgage company.
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