FHLB Conduit Could Entice Small Banks to Make More Jumbo Mortgages

Home  |  Subscribe Afternoon Update Jun 17, 2014 Top Stories FHLB Conduit Could Entice Small Banks to Make More Jumbo Mortgages by CHRIS CUMMING Smaller banks face a tricky choice with jumbo loans: hold them and face rate risk, or sell them to a bigger bank and risk losing a customer. An unusual arrangement between the FHLB and a REIT could offer community banks a better route. READ MORE » CFPB Orders Title Company to Pay for Kickback Scheme by DARREN WAGGONER The Consumer Financial Protection Bureau has ordered a New Jersey company, Stonebridge Title Services Inc., to pay $30,000 for paying illegal kickbacks for referrals. READ MORE » Ocwen to Pay $3.7M to End Massachusetts Mortgage Lawsuit by BLOOMBERG NEWS Ocwen Financial Corp. agreed to pay $3.7 million to end a Massachusetts lawsuit claiming it didn't give homeowners required notices and illegally foreclosed on properties, the state's attorney general said. READ MORE » CFPB Disregards Employment Classification to Find Kickbacks by ARI KAREN The Consumer Financial Protection Bureau recognized a distinction in terms of the treatment of persons working for a company based upon their classification as employees or contractors. READ MORE » Six Months Later, Does the QM Rule Still Matter? by KATE BERRY When the qualified mortgage rule took effect in January, many predicted the rule would stifle lending to low-income and minority borrowers. But a credit crunch never materialized, thanks to exemptions given to federal mortgage agencies. READ MORE » Housing Starts Beat 1 Million Pace for Second Month by BLOOMBERG NEWS Builders broke ground on 1 million homes in May, indicating the industry is picking up this quarter after a weather-induced slump to start the year. READ MORE » Featured Events Distressed Residential Mortgage Summit NY Marriott Marquis Wed, 18 Jun 2014 - Thu, 19 Jun 2014 READ MORE » RESPA Section 8: A Primer on Kickbacks and Fee Splitting Webinar Thu, 19 Jun 2014 READ MORE » RESPA Section 8: Anti-Kickback Provisions Webinar Thu, 26 Jun 2014 READ MORE » Collateral Analysis: Reviewing Appraisals Instructor-Led Online Course Wed, 02 Jul 2014 READ MORE » Resource Center Four Ways to Use Property Records to Uncover Hidden Risks, by Michael O'Connell WHITEPAPER Servicers could be exposed to risk and penalties if their loan due diligence doesn't include these steps. READ MORE » 11 Mortgage Industry Strategies to Thrive in 2014 WHITEPAPER Success in the mortgage business has never been simple or easy, but that's especially true today. READ MORE » Building Brand Loyalty in Financial Services WHITEPAPER In an industry where brand loyalty is key, banks must work diligently to ensure top-notch service and customer outreach through every one of its channels. READ MORE » MORE IN THE RESOURCE CENTER » FOLLOW US: @NatMortgageNews Facebook For custom reprints or content licensing opportunities please contact Howard Gilbert, howard.gilbert@sourcemedia.com, 212-803-8367. You are currently subscribed to Daily Briefing as: ctsmyhon@yahoo.com. You are receiving this email as part of SourceMedia. Please do not reply to this message. To learn more about SourceMedia's use of personal information, please read our Privacy Policy. Unsubscribe from this mailing list Manage your profile SourceMedia One State Street Plaza, 27th Floor New York, NY 10004 Phone: (800) 221-1809