Berkeley, Calif., credit union states support of idea passed by Richmond, Calif., council members.
Governor calls proposed regs "groundbreaking." They would, among other things, forbid such coverage from insurer affiliated with servicer.
Eminent domain plan wins Richmond City Council approval but remains in limbo in face of state law.
Bureau says online tool will offer easy access to public mortgage information.
Stats available for individual credit unions, banks, savings associations and other mortgage lenders.
In wake of CFPB rules, legal experts advise: Strengthen those protections through better communications, documentation.
NAFCU general counsel Carrie Hunt says she still sees "negative downstream effect" in proposed changes to qualified residential mortgage rules.
SNL Financial sees shakeout coming, especially among younger mortgage finance firms.
By the time next year rolls around, Truity Credit Union in Bartlesville, Okla., will be ready to comply with new mortgage loan requirements from the Consumer Financial Protection Bureau. Thanks to policies and procedures already in place, the final adjustments won’t likely be traumatic for the credit union.
An innovative housing finance company is poised to introduce a new approach to mortgage lending, just when mortgage finance reform has put the future of the 30-year fixed rate mortgage in doubt.