The commissioner of the Federal Housing Administration told attendees at the annual New England Mortgage Expo that reining in the home-loan industry “is a natural outcome of almost taking down the entire United States economy.” Years of declining home prices, following an unprecedented period of loose lending standards, left the United States on the brink [...]
Posts Tagged ‘mortgage originators’
FHA Chief Says Industry Needs Tighter Regulation
January 15th, 2011 
davidguide 
Posted in Borrowers 
Tags: economy, Federal, federal housing administration, FHA, Home, housing, mortgage business, mortgage expo, mortgage originators, new england mortgage, united states economy, unprecedented period 
Comments OffMortgage Market Metrics Continue Deterioration
November 25th, 2010 davidguide Mortgage originators priced 14 percent fewer loans based on the latest Mortech-Mortgage Daily Mortgage Market Index . Also lower for the second week was the average U.S. loan amount. The refinance share additionally fell for the second consecutive week to 54 percent. View full post on All Stories
Posted in Borrowers Tags: Continue, Daily, Deterioration, Loans, market, market index, Metrics, Mortech, Mortgage, mortgage market, mortgage originators, percent, second consecutive week, U.S., week Comments OffAn Avalanche of New Compliance Regulations
October 21st, 2009 davidguide Since the beginning of this year, banks have been buried in new federal regulations. Every week has brought something new that a bank will have to put in place, often, it seems, with little warning. Here is a partial list of recent regulatory changes: Regulation Z: Closed-end; Changes in coverage; Early TIL; Disclosure delivery; [...]
Posted in Borrowers Tags: Atlanta, Bank, civil relief act, Cleveland, federal reserve system, fingerprint requirements, ftc proposal, information, Mortgage, mortgage originators, mortgage practices, New, red flags, Reg, Reg CC, timing Comments Off