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The article focuses on a report issued by Laurie Goodman, Director of the Urban Institute's Housing Finance Policy Center in December 2014 on servicing nonperforming mortgage loans. It reveals that the annual cost of servicing a nonperforming loan in 2015 is higher than a performing loan. It also discusses the need to broaden access to credit to address the servicing issues and the changes announced by the Federal Housing Finance Agency to reduce the costs of servicing Fannie and Freddie loans.

The article reports on the UltraFICO credit score from data analytics firm Fair Isaac Corp. (FICO). It mentions its inclusion of consumer cash flow as well as its potential in extending credit access despite concerns on data privacy. An overview of the perspective of financial services provider Federal Deposit Insurance Corp.'s former chairman Sheila Bair on the issue is also presented.

The article discusses several topics related to the mortgage industry. It mentions that the anticipation of a rate cut by federal policymakers has led to lower financing costs for 30-year mortgages since May. However, the drop in rates may benefit larger mortgage companies more than smaller ones, as larger players have an advantage in customer retention. Another topic covered is a settlement involving OceanFirst Bank of New Jersey, which was accused of restricting access to credit and mortgage lending services in minority neighborhoods. The article also mentions that federal regulators, including Federal Reserve Chair Jerome Powell, are working on a revised capital proposal known as Basel III. Finally, the article highlights a partnership between Zillow and HUD to promote housing counseling services for new buyers, particularly among underserved populations. [Extracted from the article]

The article discusses the findings of real estate database company Zillow regarding home loans. It reveals that earlier borrowers were eligible for the Federal Housing Administration's loans due to low credit score but now they will be eligible for conventional loans with private mortgage insurance. Also mentioned is the views of Zillow's chief economist Stan Humphries.

The article discusses that according to San Antonio, Texas mayor, Julian Castro policymakers should focus on expanding housing market along with extension of credit. It mentions that the U.S. government agency Federal Housing Administration (FHA) has put a Loan Qualify Assessment Framework to provide underwriting guidelines to help lenders identify loan defects. It presents the roadmap laid out by FHA Commissioner Carol Galante.

Reports that iPlace Inc., a developer of consumer- and business-based credit and personal information access products, has rolled out a service that will reveal the credit-worthiness of customers. Launch by the firm of the service in its QSpace.com Web site.

Reports that National Credit Group Inc. resells credit information collected by Dun & Bradstreet and Experian. Businesses' ability to click on a bank's Web site and obtain credit reports; Banks' fee income for the service; Alternative to credit report searches.

The article reports that Julian Castro, the U.S. Secretary of Housing and Urban Development, has urged policymakers to reform the housing finance system in the country.

The article is about Julian Castro, the former San Antonio mayor who supports Bipartisan Senate Bill to reform the housing finance system he also called for steps for lenders to be comfortable with extending credit, this was done during the housing summit sponsored by the Bipartisan Policy Center.

Presents a transcript of U.S. Secretary of the Treasury John Snow's remarks about the renewal of the Fair Credit Reporting Act.

Freddie Mac's efforts to improve underwriting could include the use of a technology firm's artificial intelligence-driven consumer-risk modeling software that can expand access to credit, according to the Wall Street Journal. [ABSTRACT FROM AUTHOR]

Freddie Mac's efforts to improve underwriting could include the use of a technology firm's artificial intelligence-driven consumer-risk modeling software that can expand access to credit, according to the Wall Street Journal. [ABSTRACT FROM AUTHOR]

The article suggests increasing support for and the availability of counseling in the U.S. Federal Housing Finance Agency's proposed "duty to serve" rule. It is stated that offering counseling to prospective homebuyers as part of Fannie Mae and Freddie Mac's duty to serve requirements could play a crucial role in helping lenders and nonprofits safely increase access to credit for underserved markets.

As required by the Dodd-Frank Act, the bureau released long-awaited "look-back" reviews to assess the impact of mortgage underwriting and servicing rules on the industry and the credit markets. [ABSTRACT FROM AUTHOR]

As required by the Dodd-Frank Act, the bureau released long-awaited "look-back" reviews to assess the impact of mortgage underwriting and servicing rules on the industry and the credit markets. [ABSTRACT FROM AUTHOR]

Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate. [ABSTRACT FROM AUTHOR]

"What's more challenging is the lack of recognition that private label credit is significant and an important part of the market that provides access to credit that doesn't hit the GSE benchmark", Verkhoglyad said. A lot of the market success for private-label is predicated on credit spreads and the general economic views around credit, said Tom Millon, the CEO of Computershare Loan Services US and the Capital Markets Cooperative. The manner in which regulators removed the government-sponsored enterprises' cap on certain risky loan purchases had more of an impact on the private-label securitization market than the actual act itself. [Extracted from the article]

The article discusses the role of the U.S. Federal Housing Administration (FHA) in ensuring access to credit for qualified borrowers and bringing stability to the market. Topics discussed include the increase in FHA's market share during the recession and the success of FHA in balancing its two goals. Also mentioned are the changes made to properly and effectively account for the risk.

The Consumer Financial Protection Bureau says the proposal would increase access to credit, but consumer groups argue that it will encourage lenders to make high-cost loans while protecting them from legal liability. [ABSTRACT FROM AUTHOR]

The Consumer Financial Protection Bureau says the proposal would increase access to credit, but consumer groups argue that it will encourage lenders to make high-cost loans while protecting them from legal liability. [ABSTRACT FROM AUTHOR]

The Consumer Financial Protection Bureau says the proposal would increase access to credit, but consumer groups argue that it will encourage lenders to make high-cost loans while protecting them from legal liability. [ABSTRACT FROM AUTHOR]

A financial wellness program can provide access to resources that have been systematically denied to people of color. [ABSTRACT FROM AUTHOR]

This article reports that Maryland Governor Robert L. Ehrlich Jr. has signed a Senate hill that creates a task force on lending equity for minority businesses within financial institutions. According to the law, the task force will identify data that would demonstrate whether financial institutions are providing adequate access to credit and capital for minority business enterprises. It would also advise the state treasurer in developing additional or supplemental criteria to be considered in the selectipn of a financial institution as a depository that provides adequate opportunities to minority enterprises for access to credit and capital.

The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit. [ABSTRACT FROM AUTHOR]

Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said. [ABSTRACT FROM AUTHOR]

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus. [ABSTRACT FROM AUTHOR]

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus. [ABSTRACT FROM AUTHOR]

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus. [ABSTRACT FROM AUTHOR]

The article focuses on the introduction of low-down-payment loans' offers by the government-sponsored enterprise Fannie Mae for first-time homeowners. Topics discussed include provision of loans to borrows having low Fair Isaac Co (FICO) credit scores, focus on assistance provided by the U.S. Federal Housing Finance Agency to lenders for expanding access to credit to first-time homebuyers, and views of Mel Watt, Director of the Federal Housing Finance Agency.

The article reports that finance company Redwood Trust Inc. and financial company J.P. Morgan Chase & Co. have entered into risk-sharing deals for changes to the housing finance system. It states that deal suggest that changes will increase access to credit for qualified borrowers and help to restore a healthy housing market. It mentions that government sponsored enterprise (GSE) guarantee on the mortgage-backed securities and capital will flow into the U.S. mortgage market.

The author reflects on the possibility of reform in the federal housing agencies following the win of elections in the U.S. by the U.S. Republican Party. He mentions reasons for the reform which include desire of Jeb Hensarling, the Republican Chairman of the House Financial Services Committee, to eliminate mortgage firms Fannie Mae and Freddie Mac, need for change to revive mortgage lending and improve consumer access to credit, and need to remove all loan-level pricing adjustment fees.

The article presents the views of Bill Cosgrove, chairman of the Mortgage Bankers Association of America (MBA), on increasing access to credit for first time home buyers including partnership with the U.S. Federal Housing Administration (FHA), growth in wholesale brokers market and goals of MBA.

The article focuses on Bill Cosgrove, chairman of the Mortgage Bankers Association, who is seeking ways to increase access to credit and make mortgage loans of the U.S. Federal Housing Administration (FHA) more affordable for first time home buyers. Topics include Cosgrove's experience with mortgage banking firm in Ohio, reduction in annual premium to attract quality borrowers, and views of Julian Castro, the new Department of Housing and Urban Development secretary, on the same.

Information on the topics discussed at the American Mortgage Conference in Raleigh, North Carolina in September 2014 is presented. The topics discussed include obstacles in creating affordable home loans and broader access to credit, future increase in home prices and home loan interest rates, and American government's requirement related to U.S. Federal Housing Administration's (FHA) capital ratio. The conference featured several industry experts including David Stevens.

The article reports that Richard Cordray, director of the U.S. Consumer Financial Protection Bureau (CFPB) seeks expansion of the Home Mortgage Disclosure Act (HMDA) data collection. The HMDA was enacted by the Congress to increase public scrutiny of access to credit and residential mortgage lending. HMDA data contains information about the vast majority of mortgage loans in this country.

Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities. [ABSTRACT FROM AUTHOR]

The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head. [ABSTRACT FROM AUTHOR]

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised. [ABSTRACT FROM AUTHOR]

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised. [ABSTRACT FROM AUTHOR]

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised. [ABSTRACT FROM AUTHOR]

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised. [ABSTRACT FROM AUTHOR]

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised. [ABSTRACT FROM AUTHOR]

Though Acting CFPB Director Mick Mulvaney tried unsuccessfully to strip the agency's fair lending office of its enforcement powers earlier this year, he insisted this week that the bureau "is still in the fair lending business." [ABSTRACT FROM AUTHOR]

The article focuses on the ability-to-pay rule of the U.S. Consumer Financial Protection Bureau (CFPB). It mentions that the CFPB revised the qualified mortgage rule in May 2013 but the lawmakers at a House subcommittee say that the law still hinders access to credit. James Gardill, chairman of the board at WesBanco in West Virginia, says that that the rule limits the ability to design the programs that are necessary and appropriate to meet the needs of our customers.

The article offers information on the discussion related to rules of the U.S. credit market. It mentions text of the Protecting Consumers Access to Credit Act of 2017 which states that a loan valid at inception cannot become usurious upon sale or transfer of the loan to another person. It also mentions impact of state usury law on purchaser and originator of the loan.

Balances 90 days past due are noticeably higher in 2017, new N.Y. Fed data shows. Though the trend has a lot to do with positives like economic expansion and easier access to credit, officials say it deserves careful attention. [ABSTRACT FROM AUTHOR]

Balances 90 days past due are noticeably higher in 2017, new N.Y. Fed data shows. Though the trend has a lot to do with positives like economic expansion and easier access to credit, officials say it deserves careful attention. [ABSTRACT FROM AUTHOR]

The partnership between the two groups aims to raise awareness and provide additional support for WOCCU's global work. [ABSTRACT FROM AUTHOR]