DBRS settles with SEC over misrepresenting mortgage bond rating capabilities DBRS Inc. agreed to pay nearly $6 million to settle Securities and Exchange Commission claims that the credit-ratings firm misrepresented how it monitored ratings of complex real-estate securities.
cfpb fines mortgage lender For Illegal Fee Splitting. By. The mortgage lender touted its decision to self-report, saying in its statement that it had come to the CFPB a full six months before.
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Joe the Plumber is not exactly a plumber, he’s "not even close" to making the kind of money that would result in higher taxes from Democrat Barack Obama’s proposals and has such an aversion to taxes.
All cash sales for homes decreased in January to 38.9%, down from 41.4% year-over-year. Mortgage rates decreased again with the weak job market; 30-year rates now stand at 3.66% and 15-year rates are at 2.93%. In The News: Housing Wire – “CFPB fines mortgage lender $250K for claiming government affiliation in ads” (4-9-15)
FHFA extends FHLB membership proposed rule comment period Fannie Mae to Charge Strategic Defaulters, for Everything Newly updated, this premier resource describes construction loan programs offered by top banks, private hard money lenders, direct mortgage lenders, HUD/FHA, insurance companies, and commercial financing companies.Also includes Fannie Mae lenders, U.S. and canadian housing finance agencies, federal home loan banks and more.The Federal Housing Finance Agency (FHFA) announced today that the comment period for a proposed rule that would amend the Federal Home Loan Banks’ (FHLB) Affordable housing program (ahp) will be extended. The comment period was previously scheduled to close on May 14, but due to "high levels of interest in the proposed rule," the comment period has been extended to June 12.
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PDF A closer look at reverse mortgage advertisements and consumer. – A closer look at reverse mortgage advertisements and consumer risks. After reviewing reverse mortgage ads, most consumers in our focus groups said the ads implied. government involvement in reverse mortgages, but opinions varied on the role government plays in the loans. Some consumers.
CFPB Takes Action Against mortgage relief company deceptively Using VA & FHA Logos On Ads. to the government, the CFPB alleges that RMK’s ads featured incorrect information about loans.
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A group of Hillary Clinton supporters condemned the National Organization for Women’s endorsement of Sens. Barack Obama and Joe Biden earlier this week. "The New Agenda is concerned that NOW’s recent.
CFPB takes action against mortgage lender for deceptive advertising. Bureau Orders RMK Financial to Pay $250,000 for Deceiving Borrowers with Claims of Government Affiliation
Mortgage servicers bypass foreclosure delays with more short sales The Year of the Short Sale and more foreclosure delays.. diana golobay at HousingWire reports on the Mortgage Bankers Association (MBA) National Mortgage Servicing Conference 2010 in San Diego: Mortgage Servicers Kick Around HAMP Mod Options