Compliance & Regulation

Now that the Federal Housing Finance Agency has sued the pants off of 17 issuers of nonprime MBS, the big question boils down to this: How much will the agency actually collect?

Trends in the title insurance market show that while business is still strained, the tension is lessening and companies with strategic vision can begin to capitalize on the opportunities at hand, according to a new report from Demotech.

Elizabeth Warren, who is credited with founding the Consumer Financial Protection Bureau, will announce Wednesday that she is running for the U.S. Senate seat held by Scott Brown, R-Mass., according to combined press reports.

To pay for the President's $450 billion jobs bill, the White House budget office is proposing to reduce the amount of mortgage interest that homeowners can deduct from their income taxes.

Sen. Bob Corker, R-Tenn., is considering bipartisan legislation that would gradually lower the loan limits on federally backed mortgages, a move that could pave the way to private lending flourishing again.

The Consumer Financial Protection Bureau is entering 'round four' of testing new mortgage disclosure forms, and is now requesting public input on what should be said regarding adjustable rate mortgages.

A federal judge this week ruled that the court-appointed trustee overseeing the liquidation of Thornburg Mortgage, Santa Fe, can move forward with a lawsuit against Barclays Capital alleging the investment banker made improper margin calls that helped drive the jumbo lender/servicer into bankruptcy.

The SourceMedia 2011 Mortgage Regulatory Forum in Washington, DC, is around the corner. At the two-day event (Sept. 19-20, 2011) speakers will address the one issue in all of finance that, according to one insider, "sorely needs some sorting out," mortgage regulation and compliance.

Risk mitigation providers Equifax and Interthinx are enhancing their existing relationship by providing financial institutions real-time information regarding an individual's current employment and income status to pay for their loan.

Four individuals have been indicted for engaging in a scheme to defraud Wilmington Trust Federal Savings Bank and Malvern Federal Savings Bank of at least $35.5 million.