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Senior FDIC official to lead Conference of State Bank Supervisors

Housing Wire

The Conference of State Bank Supervisors ’ (CSBS) board of directors appointed Brandon Milhorn – current deputy to Federal Deposit Insurance Corporation (FDIC) vice chairman Travis Hill – as its incoming president and chief executive officer (CEO). Milhorn will assume the new role on Dec. 4, succeeding James Cooper.

Insurance 312
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Trade groups express concern to FHFA over historic credit data

Housing Wire

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. “We FHFA was comfortable approving VantageScore 4.0 that use trended credit bureau data.

Legal 343
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The housing industry’s disparate impact hopes

Housing Wire

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. But the mortgage industry and HUD don’t see eye-to-eye on how that decision should be taken into account.

Legal 352
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CFPB hopes to reverse court decision that handed Ocwen a win last year

Housing Wire

Nearly a year after a federal judge dismissed the Consumer Financial Protection Bureau ‘s mortgage servicing misconduct suit against Ocwen Financial Corp. , It may be now that Ocwen wishes it had negotiated a more thorough, more comprehensive release in [December] 2013, but it did not.”. Last March, U.S.

Law 344
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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc.

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Fudge says HUD will focus on housing discrimination

Housing Wire

As lawmakers take up housing-related bills in Congress, Housing and Urban Development (HUD) Secretary Marcia Fudge laid out her priorities during an address at the Mortgage Bankers Association ’s spring virtual conference. Fudge also emphasized the strong position of the Mutual Mortgage Insurance Fund.

Legal 509