WASHINGTON — Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the ...Read More »
Tag Archives: Consumer Financial Protection BureauFeed Subscription
The burden of student loans is taking its toll on a generation who cannot afford to buy or, in some cases, even rent their own homes. And experts are warning that the failure of millenials to achieve the American Dream ...
Tagged with: 100 years Federal Reserve Clear Point Consumer Counseling Services Consumer Financial Protection Bureau First Financial Services household creation Joel Childress Rohit Copra student loan debt YAshica AndersonRead More »
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...
Tagged with: American BAnkers Association Bank of America Consumer Federation of America Consumer Financial Protection Bureau Dodd-Frank Wall Street Reform and Consumer Protection Act Elizabeth Eurgubian Fannie Mae Freddie Mac Independent Community Bankers of America Mel Watt Richard Cordray Terry FranciscoRead More »
RALEIGH – Some North Carolina homeowners will receive a share of a $2. 1 billion national settlement brought against subprime mortgage loan servicer Ocwen Financial Corp., Attorney General Roy Cooper announced recently. An estimated $26 million in funds will help ...
Tagged with: 2012 National Mortgage Settlement civil law enforcement investigation Consumer Financial Protection Bureau Homeward Residential Inc. Litton Home Servicing LP mortgage servicing and foreclosures N.C. Attorney General Roy Cooper Ocwen Financial Corp. settlementRead More »
Recovery from our recent recession will continue in 2014, but it will be greatly reduced by a surprising factor – the low number of new household formations. About 1.1 million new households form in a normal year. These new households ...Read More »
New consumer protections taking effect in January are forcing mortgage lenders to change how they do business, but the head of the federal government's new consumer finance watchdog agency said Wednesday it'll give responsible lenders an advantage.
Tagged with: American Mortgage Conference Capital Bank Consumer Financial Protection Bureau consumer protection Dodd-Frank mortgage mortgage lender North Carolina Bankers Association Richard Cordray Rollie Tillman Thad WoodardRead More »