The 77-year-old defendant is accused of mail fraud, wire fraud and securities fraud.

Lower caps on mortgage interest tax deductions and more stringent limits on what properties and loans a borrower can claim interest credit against look likely.

The Consumer Financial Protection Bureau has until Jan. 21, 2013 to announce six prominent Dodd-Frank Act rule changes.

A couple of weeks ago, as we were all getting ready to celebrate Thanksgiving and eat turkey, the Consumer Financial Protection Bureau (CFPB), in partnership with the Federal Trade Commission (FTC), was issuing warning letters to approximately a dozen mortgage lenders and mortgage brokers advising them to clean up potentially misleading advertisements, particularly toward older Americans and veterans. In addition, the CFPB announced that it had initiated formal investigations of six companies that it thinks…

Chicago is the first city in the country to agree to share information directly with the Consumer Financial Protection Bureau.

HUD will interview current employees, ex-employees and borrowers to validate data or its findings.

The Federal Housing Administration's fiscal year 2012 actuarial study for its main single-family program shows that its capital position has turned negative, by $13.5 billion.

Before asking for a bid, verify that every contractor you're considering has the proper surety bond and licensing in place.

The CFPB and FTC have issued joint warnings about misleading advertising. While these warnings generally address apparent shortcomings (e.g. misrepresenting government affiliation), they signal to lenders the importance of reviewing advertising from a compliance rather than merely marketing perspective. In particular, advertisers should review not only the substance of a marketing piece but rather the entirety of a marketing campaign. For instance, a lender should review the likely audience and whether the particular product being…

The Federal Trade Commission has updated its guidelines for anti-identity theft programs.

Are you a mortgage broker or a mortgage lender? As of August regulations required you to have an AML manual in place to check for and report not only money laundering but also suspicious activity.

The Department of Justice suit against Bank of America shows that beyond enforcement through regulators, lawsuits are increasingly focusing on the systems lenders use.

Probably more than 200 people per week are being indicted and/or convicted nationwide for mortgage fraud.

A recent article titled “Mortgage Cops Taking Tough Stance” implies that my office is going to “lock up” anyone who strategically defaults on their mortgage.

A Consumer Financial Protection Bureau’s proposal would provide larger institutions with an incentive for loan officers that smaller community lenders could never match.