As the Mortgagee Compliance Manager (MCM) for the Department of Housing and Urban Development (HUD), MCB recently conducted an industry wide survey of Mortgagees and their vendors, Asset Managers, Field Service Managers, and HUD personnel. We are pleased to find that: · Over 93% of the respondents ranked MCB’s level of understanding HUD’s requirements and […]
WASHINGTON, D.C. (May 15, 2014) — The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.11 percent of all loans outstanding at the end of the first quarter of 2014, the lowest level since the fourth quarter of 2007. The delinquency rate decreased 28 basis points from the […]
WASHINGTON – Today, the Federal Housing Administration (FHA) issued its “Blueprint for Access” outlining the additional steps the agency is taking to expand access to credit for underserved borrowers. These steps include encouraging a broader use of housing counseling. This week, HUD will publish a notice in the Federal Register for theHomeowners Armed with Knowledge (HAWK) pilot […]
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the March edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators. In February, foreclosure starts continued their downward trend and, in January, […]
MCB hosted a Mortgagee Compliance Industry Conference that successfully concluded April 3rd in Oklahoma City, OK. As the Mortgagee Compliance Manager for the U.S. Department of Housing & Urban Development (HUD), MCB provided unique insight and understanding of the mortgagee compliance process for FHA portfolios. This two-day conference titled “Navigating Change Together through Partnerships” was […]
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. These new materials include sample letters that consumers can send to their mortgage servicers. The Bureau is publishing these educational materials in […]
WASHINGTON– The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among many key indicators. Home values continue to rise, contributing to both an increase in […]
WASHINGTON – The U.S. Departments of Housing and Urban Development (HUD) and Agriculture (USDA) announced today the five inaugural U.S. communities that have been designated as Promise Zones, an intensive and layered approach to revitalizing distressed communities. The Promise Zones will benefit from a comprehensive approach to development that will enhance and connect local assets […]
Credit cards are an important part of many consumers’ financial lives, but it helps to understand how to make the most of these products and avoid potential pitfalls. That’s why the Winter 2013/2014 issue of FDIC Consumer News features practical tips for choosing and using credit cards. Additional articles offer suggestions on fraud prevention, saving money at […]
In observance of National Consumer Protection Week (NCPW) 2014, held March 2-8, the FDIC each weekday will issue a consumer tip on a different banking topic related to saving and protecting money. The five tips and other consumer information from the FDIC will be posted at www.fdic.gov/ncpw for reference year-round. “The FDIC is proud to be one […]
