Banking & Financial Services E-Note - July 2012


In This Issue:

- White House Mortgage Refinancing Efforts Limited by Banks' Capacity

- CFPB Proposes New Rules to Increase Mortgage Disclosure

- U.S. Lawmakers Urge Strong Legal Protection for Mortgage Lenders

- Libor Legal Threat May Come From Small Banks

- Libor-Type Fixing Needs Monitoring: Office of Financial Research

- FDIC Asks Banks to Stop Using Agency's Name on Customer Fees

- Facebook Helping Banks Engage Customers With Transactions

- Cities Investing Public Money in Local Banks, Credit Unions

- Excerpt from White House Mortgage Refinancing Efforts Limited by Banks' Capacity:

White House efforts to push widespread refinancing of mortgages for homeowners who owe more than their properties are worth may be limited by banks’ stretched capacity to originate loans and their concerns that the borrowers are too risky. By the end of May, 78,000 homeowners with mortgages at least 5 percent larger than the value of their homes had refinanced into lower interest rates under the new rules for the Home Affordable Refinance Program, the Federal Housing Finance Agency reported.

Please see full E-Note below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Burr & Forman | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.