Feds appeal decision to release #FannieGate memos

Posted October 28, 2016 / No comments

The government is now fighting back against the court’s decision that ordered them to release 56 documents to the public that could show that the Treasury took over Fannie Mae and Freddie Mac despite the secondary mortgage market firms being adequately capitalized. Now, however, the government claims the judge made that decision based on a

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‘Shadow Banks' Are on the Rise for Home Loans: Should We Be Afraid?

Posted October 27, 2016 / No comments

More mortgages are being issued by “shadow banks,” which are not traditional financial institutions. So what are they, and should borrowers be scared? The post ‘Shadow Banks’ Are on the Rise for Home Loans: Should We Be Afraid? appeared first on Real Estate News and Advice – realtor.com ….(read more) Forward this article via email:  Send

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CFPB puts 44 mortgage lenders and brokers on notice over HMDA requirements

Posted October 27, 2016 / No comments

Approximately 44 mortgage lenders and mortgage brokers are about to get a wake-up call from the Consumer Financial Protection Bureau, warning them that they might be in violation of the Home Mortgage Disclosure Act. The bureau, in sending these warning letters, made no determination that a legal violation did, in fact, occur, but the industry

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