Tag: mortgage

How Successful Has TARP Been After Seven Years?

DSNews  BY:  Brian Honea  January 2, 2016 Saturday, October 3, 2015, marked the seven-year anniversary of then-President George W. Bush signing the government’s Troubled Asset Relief Program (TARP) into law in order to help stabilize financial markets and restore Americans’ confidence in the economy. TARP became law in 2008 at the depth of the financial […]

Exposure to Risk is Declining for Fannie Mae and Freddie Mac—But So Are Revenues

DSNews  BY: Brian Honea  November 17, 2015 Seven years after the housing market crashed, serious delinquency rates for most mortgage portfolios are at or near pre-recession levels, and the GSEs are no exception. The GSEs’ exposure to credit risk from mortgages originated during the years of the housing bubble continues to be “significant but declining,” […]

Low Mortgage Delinquency Levels Stabilize Consumer Credit Market

DSNews   BY:  Brian Honea   November 16, 2015 Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday. While aggregate revolving credit balances rose by $13.5 billion […]

How are Residential Mortgages Performing at the Largest Banks?

DSNews   BY: Brian Honea   December 14, 2015 Improving overall performance of first-lien mortgages means fewer delinquencies, and fewer delinquencies have in turn means a declining need for loss mitigation, according to the Office of the Comptroller of the Currency (OCC)’s Mortgage Metrics Report for the Third Quarter of 2015. According to the OCC, […]

Operational Enhancements Result in Lower Mortgage Fraud Risk

DSNews BY: Xhevrije West Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation. According to a Fitch Ratings report released Tuesday, since the financial crisis, risk of fraud and misrepresentation has declined. “A key driver behind the poor performance of the peak vintage collateral was weak operational controls for the information […]

New Proposed Bankruptcy Rules: Focus on Periodic Statements

DSNews  By: By George FitzGerald The CFPB’s Judicial Conference Advisory Committee on Bankruptcy Rules has proposed a variety of changes and updates that apply to periodic statements – many of which could have important and potentially difficult implications for servicers.  The periodic statement is one of the areas that – depending on the conditions required by […]

CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016

DSNews   By: Brian Honea The Credit Union National Association (CUNA) has asked the Consumer Financial Protection Bureau (CFPB) to delay implementation of the TILA-RESPA Integrated Disclosure (TRID) Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016. CUNA, which represents America’s credit unions and their more than 100 million members, issued […]

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