Authors Posts by FRB

FRB

The seven members of the Board of Governors of the Federal Reserve System (FRB) are nominated by the President of the United States and confirmed by the U.S. Senate. By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country," and no two Governors may come from the same Federal Reserve District.

Contact:

Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue NW
Washington, DC 20551

Federal Reserve Board reaches agreements in principle with Goldman Sachs and Morgan Stanley to...

WASHINGTON, D.C. - January 16, 2012 - (RealEstateRama) -- Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.

Federal Reserve issues enforcement actions related to deficient practices in residential mortgage loan servicing...

April 13, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday announced formal enforcement actions requiring 10 banking organizations to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing. These deficiencies represent significant and pervasive compliance failures and unsafe and unsound practices at these institutions.

Federal Reserve issues final rule and seeks comment on proposed revisions to escrow...

WASHINGTON, D.C. - February 24, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday issued a final rule and requested public comment on a second rule under Regulation Z to revise the escrow account requirements for certain home mortgage loans. The revisions to the regulation, which implements the Truth in Lending Act (TILA), are being made pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Federal Reserve does not plan to proceed with finalizing three pending mortgage rulemakings under...

WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- The Federal Reserve Board on Tuesday announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).

Business Real Estate Press Releases

Gregg Larson

Industry Award Recognizes CoreLogic Real Estate Leaders

CoreLogic®(NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that two of its key Real Estate Solutions leaders have been recognized in the Swanepoel Power 200 list. Chris Bennett, executive, and Gregg Larson, principal, Business Development, were both named to the list for 2018. The Swanepoel Power 200 is an annual ranking of residential real estate’s top leaders published by the Swanepoel T3 Group.

Recent Gov & Nonprofit Real Estate Press Releases

FTC

FTC Halts Deceptive Mortgage Loan Modification Scheme

The Federal Trade Commission has charged a mortgage loan modification operation with deceiving financially distressed homeowners by falsely promising to prevent foreclosure and make their mortgages more affordable. A federal court temporarily halted the scheme and froze the defendants’ assets at the FTC’s request.