First Tennessee Bank Pays $212.5M to Resolve FCA Allegations
First Tennessee Bank admitted to originating and underwriting loans that were not eligible for Federal Housing Administration insurance.
Mortgage
FHFA: HARP Refinances Surpass 3.3 Million
More than 544,000 borrowers in the first quarter refinanced their Fannie Mae or Freddie Mac mortgage loans, with about 31,600...
Fed Survey Finds Increasing Economic Optimism
Four in 10 U.S. households surveyed last fall said they were somewhat or much better off financially than they had...
Members of Congress Issue Bipartisan Call for TRID Grace Period
Hundreds of lawmakers wrote to the Consumer Financial Protection Bureau last week urging Director Richard Cordray to provide an enforcement...
Keating Discusses Shelby Bill on Fox Business
ABA President and CEO Frank Keating welcomed Richard Shelby’s regulatory reform bill as a “wonderful first step” during an interview...
GSEs Issue New Seller, Servicer Eligibility Requirements
At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac yesterday announced new standards that mortgage...
OCC Examines Financing Small Multifamily Rentals
The OCC’s Community Developments Insights newsletter published today focuses on how banks can support the market for small multifamily rental...
N.Y. State Envisions Penalties for Foreclosure Delays
Noting that the average New York state foreclosure takes more than 900 days—twice the national average—and that foreclosures account for...
FHFA Provides Update on Single Security for Housing GSEs
The Federal Housing Finance Agency on Friday issued an update on the development of the Single Security, a mortgage-backed security...
