Cash On The Blog

News Headlines

• Vendor Launches Online Resource to Help Lenders Comply With Reg E
  Wolters Kluwer Financial Services is moving to help financial institutions rapidly comply with the Federal Reserve Board's upcoming changes to Regulation E with the launch of a new online resource center. […]
• Frank Pressures Big Banks on Second Mortgages
  House Financial Services Committee chairman Barney Frank, D-Mass., is calling on the CEOs of four major banks to work with the Treasury Department and banking regulators to deal with second mortgages that have become an obstacle to modifying troubled first liens. […]
• FDIC Prices First Note Offering
  The Federal Deposit Insurance Corp., in an effort to liquidate residential and construction loans from failed banks, has priced two note offerings totaling $1.8 billion to "robust market demand," according to a source familiar with the transaction. […]
• KBW: GSE Revamp Bill Could Be Impossible
  Restructuring Fannie Mae and Freddie Mac-and the political compromises that must occur to make it happen-could render the passage of such legislation next to impossible, according to a new report from Keefe, Bruyette & Woods. […]
• Industry Wants Exemption from SAFE Act
  Mortgage servicing employees who help troubled borrowers with loan modifications should be exempt from the licensing and registration requirements of the SAFE Act, according to a comment letter by three industry groups. […]