Compliance & Regulation

The Department of Housing and Urban Development wants All American Home Mortgage Corp. to indemnify the FHA against future losses on five loans that violated agency guidelines.

The Department of Labor Wednesday ordered Bank of America to rehire and pay $930,000 to a former mortgage employee improperly fired in a whistleblower case tied to Countrywide Financial Corp., the troubled lender bought by the bank in 2008.

The once red-hot mortgage REIT sector is in for a cold dose of reality — which could spill over to the already-cool housing market.

The Mortgage Bankers Association is urging the Federal Housing Administration to reopen its 203(k) program to local investors wanting to buy and renovate foreclosed properties.

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.