ratings agencies lose appeals | HUDÂ secretary says mortgage credit too tight

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Ratings Agencies Lose Appeals preview | full story Appeals filed by a pair of ratings agencies in a lawsuit alleging massive losses suffered as a result of rosy ratings on mortgage securities have been dismissed. www.mortgagedaily.com/stories/MctLawsuitRatingsAgency091614.asp HUD Secretary Says Mortgage Credit Too Tight preview | full story Department of Housing and Urban Development Secretary Julián Castro says more people need to gain access to home financing. www.mortgagedaily.com/stories/HudSecretaryOutllok091614.asp NY Hard Money Lenders Under Investigation preview | full story Financial services firms making hard money loans are being investigated by a New York regulator for potential predatory lending practices. www.mortgagedaily.com/stories/NyHardMoney091614.asp Mortgage Advertising read more Put your company's ad on this e-mail newsletter. read more | e-mail | 800.511.5204 | www.mortgagedaily.com/advertise.asp Industry Commentary: Servicer Risk preview | full story The Consumer Financial Protection Bureau has altered the regulatory climate for banks, credit unions and non-depository financial institutions alike. www.mortgagedaily.com/stories/DRSubservicingRisk091614.asp Serious Delinquency Deteriorates on 1st Mortgages preview | full story The rate of serious delinquency on first mortgages moved modestly higher last month, while the rate on second mortgages slipped to a record low. http://www.mortgagedaily.com/stories/Delinquency091614.asp Lender Penalized for Denying Loan on Indian Reservation Property preview | full story A residential lender that denied a Native American couple's loan request because their property is on an Indian reservation ended up settling with the couple. www.mortgagedaily.com/stories/SettlementHud091514.asp Purchase Finance Outlook Cut, Refi Raised preview | full story An increase in the forecast for refinance fundings was offset by a reduction in the projection for purchase production. www.mortgagedaily.com/stories/Outlook091514.asp Loan Modification Activity Fades preview | full story The volume of mortgage loan modification activity was down on a month-over-month basis and tumbled on a year-over-year basis. www.mortgagedaily.com/stories/Modifications091514.asp Refinance Mortgage Leads Settlement preview | full story A company that generates refinance mortgage leads has settled charges that it misled loan prospects about the cost of the transactions. www.mortgagedaily.com/stories/SettlementFtc091514.asp Banks Drive Drop in Mortgage Jobs preview | full story Total mortgage industry employment was lower in the latest quarter as a result of a sharp drop at banks. Home lending jobs moved up, however, at credit unions and non-banks. North Carolina suffered more than any other state. www.mortgagedaily.com/stories/MortgageEmploymentIndex091514.asp

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