TITLE

Cramdown Returns in Settlement

PUB. DATE
May 2011
SOURCE
Mortgage Servicing News;May2011, Vol. 15 Issue 5, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the efforts of the banking industry in the U.S. in 2011 in reducing mortgage debt in bankruptcy proceedings and offers information on the 27-page draft agreement with Elizabeth Warren, the interim head of the Consumer Financial Protection Bureau.
ACCESSION #
63191779

 

Related Articles

  • Don't Flout Foreclosure Deal.  // National Mortgage News;9/16/2013, Vol. 37 Issue 36, p1 

    The article focuses on the behavior of the U.S. banks which are disregarding the deal with clients to pay $25 billion to settle foreclosure practices' claims. It mentions that lenders are asking for additional paperwork from borrowers seeking mortgage loan modifications and later foreclosing the...

  • CFPB's Small Servicer Exemption Might Be Too Small. Collins, Brian // National Mortgage News;8/27/2012, Vol. 36 Issue 47, p1 

    The article focuses on the Consumer Financial Protection Bureau of the U.S. which does not want to impose unnecessary regulations on small banks and credit unions of the country. It informs that the mortgage servicing proposal by the bureau does not show this view as the proposal only exempts...

  • Don't Flout Foreclosure Deal.  // National Mortgage News;9/16/2013, Vol. 37 Issue 36, p1 

    The article focuses on the behavior of the U.S. banks which are disregarding the deal with clients to pay $25 billion to settle foreclosure practices' claims. It mentions that lenders are asking for additional paperwork from borrowers seeking mortgage loan modifications and later foreclosing the...

  • Don't Leave Consumers in the Cold-ICBA Urges CFPB to Expand ATR/QM Rule's Community Bank Provisions.  // Pratt's Mortgage Compliance Letter;Mar2013, Vol. 13 Issue 3, p5 

    The article relates the statement of the Independent Community Bankers of America (ICBA) urging the U.S. Consumer Financial Protection Bureau (CFPB) to expand its ability-to-repay (ATR) and qualified mortgage (QM) regulations. In its comment letter, the ICBA called on the CFPB to adjust its ATR...

  • How Expanded HMDA Data Could Help Banks. Witkowski, Rachel // National Mortgage News;2/17/2014, Vol. 38 Issue 7, p8 

    The article focuses on how the expanded Home Mortgage Disclosure Act (HMDA) data may help banks. The HMDA data could be collected at the same time the information is being fed into a bank's core systems. The U.S. Consumer Financial Protection Bureau (agency) would look at ways to streamline...

  • Why Technology Must Put Borrowers First. Kaddah, Sam // Origination News;May2014, Vol. 23 Issue 7, p30 

    The author discusses the decision of the federal regulator, Consumer Financial Protection Bureau (CFPB) to change the rules which makes mortgage lenders serve their clients in an expedient manner.

  • Battle Over Down Payment Requirements Still Looms in New QRM Plan. Adler, Joe // American Banker;9/4/2013, Vol. 178 Issue 136, p1 

    The article discusses the U.S. banking industry's reaction to regulators' proposed securitization standards for qualified residential mortgages (QRMs) as of September 4, 2013. The article notes QRMs will be exempt from credit risk retention and no down payment will be required. Topics include...

  • Prune HMDA Reporting Requirements for Small Banks. Hartings, Jack // Nationalmortgagenews.com;3/20/2015, p1 

    The article reports that the U.S. Consumer Financial Protection Bureau wants to expand the data reporting requirements of banks under the Home Mortgage Disclosure Act (HMDA). Topics discussed include a requirement for financial institutions to report 37 new data fields per borrower, thoughts...

  • New CBA Chief on Regulation, QM Rule, and the Future of the Branch. Stewart, Jackie // American Banker;9/27/2013, Vol. 178 Issue F338, p8 

    The article presents an interview with Andy Harmening, chairman of the Consumer Bankers Association (CBA) and regional banking executive at Bank of the West as of September 27, 2013. He talks about his priorities at the CBA and about the U.S. banking industry. Harmening also talks about the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics