News & Analysis as of September 26, 2024

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

Financial Services Weekly News - August 2016 #4

Goodwin on 8/25/2016

Editor's Note - Friend the Fed! As is the case every August, our federal government and regulators are hard at work, laser focused on the important issues of the day. In this regard, on August 18, the Federal Reserve...more

State Banking Regulators Issue Annual Report

Manatt, Phelps & Phillips, LLP on 6/27/2016

What were state banking regulators focused on last year? A new report from the Conference of State Bank Supervisors (CSBS) reveals that state regulators "increased coordination and collaboration between state regulators and...more

Loan Officers Say ATR/QM Rules Make Mortgage Approvals More Difficult

Stinson - Corporate & Securities Law Blog on 8/7/2014

Around 34% of all loan officers responding to a Fed survey indicated the CFPB’s Ability-to-Repay and Qualified Mortgage Standards under the Truth in Lending Act (the ATR/QM rule) makes it more difficult to get conforming...more

Proposed Data Reporting Rule Issued

Baker Donelson on 8/5/2014

If you are looking for some light reading these last few weeks of summer, you might want to take a look at the recently released proposed rule regarding changes to the Home Mortgage Disclosure Act (HMDA) also known as...more

Federal Banking Agencies Issue Interagency Examination Procedures for Mortgage Rules

Goodwin on 3/7/2014

Federal banking regulators issued updates to its interagency examination procedures to reflect the new mortgage rules (i.e., ability-to-repay, loan originator compensation, and amendments to HOEPA) that became effective in...more

Financial Services Law -- Nov 08, 2013

Manatt, Phelps & Phillips, LLP on 11/8/2013

FDIC Cautions Financial Institutions About D&O Insurance - Noting a rise in the use of exclusions in insurance policies for executives at financial institutions, the Federal Deposit Insurance Corporation urged banks to...more

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