Tag Archives: housing

Washington Watch

Washington Watch

Expanded exemptions from credit risk retention standards proposed By Ann M. Grochala More than two years after releasing a proposal to ensure that securitizers retain an economic interest in the credit risk of the assets they securitize, financial regulators recently went back to the drawing board. In late August, regulators released a revised proposed qualified […]

A Homebuyer’s Dream

First Financial Bank’s Sherry Holden serves homebuyers of every means, even humble ones By Tam Harbert Sherry Holden remembers her first home-buying experience. She and her husband were buying a condo in the early 1980s, when inflation was raging and interest rates hovered around 14 percent. Holden thought they should try to get bond money, […]

A Lifelong Banker

Mark Vis | First State Bank Southwest | Worthington, Minn. Homebuyer referrals, including from first-timers, drive Mark Vis’ success in originating mortgages By Howard Schneider A mortgage originator who brought in 148 loans in 2012 has to be special. That record is even more impressive when you find out that just one processor assisted him […]

Tuning the Mortgage Machinery

The CFPB makes progress adjusting its ‘qualified mortgage’ standard, but there’s more work to do By Karen Thomas It took nearly five months, but the Consumer Financial Protection Bureau has finished some important details for community banks in its final rule establishing ability-to-repay requirements for mortgage loans. Last month, the CFPB announced new amendments to […]

At Your Service

Covering the CFPB’s new mortgage servicing standards The Consumer Financial Protection Bureau released final rules establishing new national mortgage servicing standards. Taking effect in January 2014, the rules amend the Truth in Lending Act (Regulation Z) and the Real Estate Settlement Procedures Act (Regulation X). Here, Ron Haynie, ICBA’s senior vice president, mortgage finance policy, […]

Top