The Consumer Financial Protection Bureau Wednesday disclosed key details about how its examiners will size up mortgage companies that aren’t banks but still offer home loans to consumers, noting it will be leaning on other regulators for help as it embarks on the enormous task of reviewing thousands of nonbank lenders. The details are crucial …
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Mortgage lenders tightened their standards after the subprime-mortgage mess, and that won’t change this year. But mortgage loans can be had. Follow these 10 tips from MSN.com to secure a mortgage at an interest rate and under the terms that are right for you this year: 1. Have the right credit score The best combination …
New Dodd-Frank Requirement Issued for Making Home Affordable The U.S. Treasury Department issued a new Supplemental Directive 10-11 of the Making Home Affordable (MHA) program this week. Also known as the Dodd-Frank Certification Requirement, it provides guidance on the new borrower certification for non-GSE loans participating in the MHA program, as required under Section 1481(d) …
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