Two secondary mortgage giants will begin work on their replacement.
Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.
NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.
Two-thirds of Nevada refis, more than half of Florida's attributable to HARP underwater mortgage help.
NCUA inspector general responds to California congressman's concerns about legal fees for Wall Street suits over securities losses.
Director tells CFPB briefing that new rules aren’t intended to pressure lenders into meeting QM standards on all mortgages.
Credit unions may have their best opportunity ever to boost the portion of mortgage loans that actually go to purchase homes as opposed to loans that refinance previous notes.
DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry.
Mortgage Bankers Association says that's 8% of outstanding balance nationally.
Regulators fiddle while Rome set to burn.