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Results: 1-10 of 15

Joint agency release on S.A.F.E. Act mortgage originator requirements

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • July 30 2010

On July 28, the OCC, Fed, FDIC, OTS, Farm Credit Administration and National Credit Union Administration issued final rules requiring certain mortgage loan originators to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E

Obama Administration announces conference on housing reform

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • July 30 2010

On July 27, the Obama Administration announced it will host a "Conference on the Future of Housing Finance" on August 17 at the Treasury Department

Basel Committee reaches agreement on capital and liquidity reform package

  • Orrick Herrington & Sutcliffe LLP
  • -
  • Global
  • -
  • July 30 2010

On July 26, the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, announced that it has reached agreement on the overall design of the Basel Committee's capital and liquidity reform package

FDIC pilot RMBS transaction

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 6 2010

On July 30, the FDIC closed a sale of RMBS backed by approximately $471.3 million of performing single-family mortgages from 16 failed banks

Obama administration announces panelists for housing conference

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 13 2010

On August 12, the Obama administration announced a list of panelists and conference agenda for the August 17 "Conference on the Future of Housing Finance"

Senate passes FJA bill

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 6 2010

On August 4, the Senate passed H.R. 5981, a bill giving the FHA more flexibility to adjust its premiums for single-family housing mortgage insurance by allowing it to raise its annual premium from the current maximum of 0.55 to a maximum of 1.55

FDIC organizational changes to implement regulatory reform

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 13 2010

On August 10, the FDIC approved the creation of a new Office of Complex Financial Institutions (OCFI) and Division of Depositor and Consumer Protection (DCP) to help carry out its responsibilities under the Dodd-Frank Act

Banking agencies ANPR on alternatives to credit ratings in capital rules

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 13 2010

On August 10, the Fed, the FDIC, the OCC and the OTS issued an advance notice of proposed rulemaking regarding alternatives to the use of credit ratings in their risk-based capital rules for banking organizations

New York State adopts mortgage loan servicing regulations

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 13 2010

On August 10, the New York State Banking Department issued new regulations, effective October 1, that address the business practices of mortgage loan servicers handling New York-based mortgages and establish additional consumer protections for homeowners

Foreclosure support for unemployed homeowners

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 13 2010

On August 11, the Obama administration announced that Treasury will make available an additional US$2 billion of assistance under the Hardest Hit Fund for homeowners struggling to make mortgage payments due to unemployment