Compliance & Regulation

The Consumer Financial Protection Bureau officially opens its doors July 21 and one of its first initiatives will be to reach out to the 111 largest U.S. banks to establish lines of communications as it prepares to conduct its first on-site examinations later this year.

Republican leaders on the House Financial Services Committee are coming under strong criticism for taking a piecemeal approach to winding down Fannie Mae and Freddie Mac while ignoring several comprehensive GSE reform bills that address the future of the housing finance system.

Fidelity National Financial, Jacksonville, Fla., has agreed to pay the Department of Housing and Urban Development $4.5 million to settle allegations of the anti-kickback provision of the Real Estate Settlement Procedures Act.

When it comes to the securitization market for residential loans, hope springs eternal that some day the private sector will take a large bite out of the government-controlled MBS market.

MISMO volunteers soon will begin creating a standard electronic document for the HUD-1 mortgage disclosure form based on the group’s new Version 3.1 Reference Model.

The price of being a good neighbor can be steep for banks foreclosing on condominiums and homes in planned communities.

WASHINGTON — Even as he favored a broader exemption from risk retention than currently proposed, Rep. Barney Frank said Monday regulators should not undermine skin-in-the-game rules by turning the exception into the rule.

State advocates hoping that Tom Curry will dial back preemption rules may be disappointed.

Appraisal management software provider Global DMS integrated its Global Kinex platform to the Uniform Collateral Data Portal, the technology recently launched to deliver appraisals to Fannie Mae and Freddie Mac.

The board set up to finance and operate a new state teaching hospital in New Orleans has withdrawn its request for federal enhancement of revenue bonds needed to build the $1.2 billion University Medical Center.