Topic
Mortgage Policy
President Obama and key Democrats are pushing legislation that would let judges rework mortgages in the bankruptcy process, while House Financial Services Committee Chairman has introduced a bill that would rein in mortgage underwriting standards. Following is a selection of recent coverage of key developments.
Fed Moves Will Shape GSEs' Future
American Banker | Oct 08The mortgage market could lose vital support from Fannie Mae and Freddie Mac early next year if the Federal Reserve Board goes forward with plans to stop buying GSE securities ...
Shame May Be Only Stick U.S. Holds Over Mortgage Servicers
American Banker | Aug 05Treasury Department officials acknowledged Tuesday that new data on loan modifications showed that many servicers are underperforming in trying to carry out the administration's ...
Registry Plan Criticized as Hurdle to Loan Mods
American Banker | Jul 15A proposed national registry for loan originators and servicers would complicate already fledgling efforts to modify shaky mortgages. At least that's the feedback ...
Administration Offers a Plan to Spur Short Sales
American Banker | May 15The administration announced further changes to its foreclosure prevention plan, focusing on ways to help borrowers exit their home instead of on lowering existing payments.
House OKs Card Bill; Senate Nixes Bankruptcy Measure
American Banker | May 01Bankers received mixed news from Capitol Hill, as the House voted 357 to 70 to approve a sweeping credit card reform bill, while the Senate rejected a measure that would ...
Mortgage Reform Bill Passes House Financial Panel
American Banker | Apr 30The House Financial Services Committee passed a mortgage reform bill 49 to 21 on Wednesday, sending it to the full House for consideration next week.
Cramdown Vote This Week May Be for Show
American Banker | Apr 28Senate Democratic leaders are trying to force a vote this week on a bill that would let bankruptcy judges modify mortgages — even though they do not appear to have ...
Loan Mod Plan Said to Address 2nd-Lien Issues
American Banker | Apr 28The Obama administration is expected to announce details this week on a supplement to its foreclosure prevention plan designed to address the problem of second mortgages.
Wiggle Room in Mortgage Reform Bill?
American Banker | Apr 24House Financial Services Chairman Barney Frank said he is willing to compromise on two key provisions. One would require banks to retain at least 5% of a loan after ...
In Focus
Legislators Prepping for a Cram Session
Changes to shape financial services for years to come
American Banker | Apr 20Lawmakers returning from Easter recess this week will tackle a host of reforms that could influence the future of banking, including stiffer mortgage laws, broader bankruptcy ...
