Like nearly every financial firm that reported earnings for Q1, Goldman Sachs' profits took a major hit. What drove the decline?
Read More »ATR Rule Sends Borrower Claims Packing
Borrower claims appear to be fleeing the housing market two years after the Consumer Financial Protection Bureau introduced the Ability to Repay rule for mortgage servicers.
Read More »Sen. Shelby Requests Probe of FHFA
Why is Sen. Richard Shelby (R-Alabama), Chairman of the Senate Banking Committee, asking the Government Accountability Office to conduct further study on the activities of the Federal Housing Finance Agency?
Read More »Finally, Sanders Speaks Out on Housing Reform
Presidential candidates have been largely silent about housing policy during their campaigns, with the exception of Hillary Clinton. Now, Democratic presidential hopeful Bernie Sanders has laid out his own comprehensive plan to reform affordable housing.
Read More »The Pros and Cons of Proposals to End Too Big to Fail
Minneapolis Fed President and CEO Neel Kashkari believes that the largest banks are still Too Big to Fail, and he and his colleagues are exploring possible solutions.
Read More »How Much Will Principal Reduction Affect Servicers?
FHFA Director Mel Watt last week announced a program offering principal reduction to help delinquent borrowers avoid foreclosure. Will the program affect servicers' bottom lines, and if so, how much?
Read More »Morgan Stanley Joins Earnings Slide Parade
Morgan Stanley became the latest financial firm to see its profits drop off in the first quarter. What drove the decline?
Read More »The Week Ahead: How the Settlement Will Affect Goldman Sachs
Goldman Sachs will release its earnings statement for Q1 on Tuesday, April 19. How much will the recent $5 billion settlement affect the firm's profits?
Read More »Borrowers to Get a Boost from Distressed Loan Sales Changes
The enhancements may not be the changes the advocates and lawmakers were looking for, but they are still aimed at achieving the best borrower outcomes.
Read More »Loss Mitigation Efforts Are Still Alive and Well
Mortgage servicers are still hard at work helping families avoid foreclosure, according to HOPE NOW's latest data.
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