Links in “Mortgage Lending”

OCC annual survey from largest FIs in the nation notes easing underwriting standards and increasing loan volume as banks reflect increasing risk appetite amidst greater market liquidity. Some tightening in underwriting standards were noted in high LTV home equity and conventional home equity. [1/31]

CFPB initiates proceedings against PHH alleging harm to consumers through a mortgage insurance kickback scheme dating back to 1995. CFPB will seek civil fines, an injunction and restitution. [1/30]

Payments for 232,000 borrowers whose mortgages were serviced by GMAC Mortgage are being processed. Average amount is just under $1,000. [1/28]

CFPB narrows the list of mortgage loan changes that would extend closing by three days to only "significant" changes, such as a change of APR of more than 1/8 of a percent, changing the loan product, or adding a prepayment penalty. [1/23]

A look into the timing and content requirement of the new Adjustable Rate Mortgage notice requirements. [1/22]

Missouri-based mortgage lender ordered to pay more than $80,000 for funneling illegal kickbacks in the form of rent reduction in exchange for referrals. [1/22]

Securities industry views mere threat of such actions by municipalities as enough to impair the availability of credit in such communities. [1/22]

Some industry veterans see the CFPB's new lending rules will hurt low-income borrowers the most. [1/21]

Among the more complicated pieces of the new mortgage rules puzzle is the definition of points and fees. [1/16]

Former community banker sees a rare opportunity for the "cream of the crop" community banks that have survived thus far to tap into a market that is too often going across the street to mortgage companies, compliance burden notwithstanding. [1/16]