Fed Announces Plan for Unclaimed Foreclosure Settlement Funds
The Federal Reserve today announced its plan for redistributing unclaimed funds from the financial regulators’ Independent Foreclosure Review process.
Mortgage
House Passes ABA-Advocated Portfolio Lending Bill
By a bipartisan 255-174 vote, the House today passed H.R. 1210, which would designate all mortgage loans that institutions originate...
FHA Insurance Fund Returns to Mandated Reserve Level
The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.07 percent --...
W.Va. Banker: Hometown Customers Need Reg Relief
Regulatory relief is necessary to help banks better serve customers in West Virginia communities, said Alan Brill, chairman of the...
FHA Relaxes Restrictions on Agency-Backed Condo Loans
The FHA in a letter today announced that effective immediately, it will loosen restrictions for one year on agency-backed condo...
ABA Endorses MortgagebotLOS for Loan Origination
ABA, through its Corporation for American Banking subsidiary, has endorsed the D+H’s mortgage loan origination system, MortgagebotLOS, an all-in-one system...
FDIC Issues Guidance on Purchased Loans, Participations
Noting an increase in loan purchases and participations that are originated by nonbanks or facilitated by third parties, the FDIC...
House Strips Fed Dividend Cutbacks from Highway Funding Bill
The House today voted 371-54 to approve a long-term highway funding bill. Just prior to passage, the House overwhelmingly approved...
