Compliance & Regulation

The coming change in the conforming loan limit will have a much larger impact on loans insured by the Federal Housing Administration than on those purchased or securitized by either Fannie Mae or Freddie Mac.

MERS looks like it will prevail when it comes to questions about the validity of assignments where it is involved, but some think it may "lock down" its procedures as a result of the concerns.

Origination software provider Ellie Mae released a package of new services and features this week to promote loan quality and efficiency in the loan file review process for investors and loan aggregators.

Although Congress and the White House are betting that in time the private sector will fill the void created by a diminished Fannie Mae and Freddie Mac, a new report from Standard & Poor's predicts that any recovery in the private label market is still years away.

The Federal Housing Administration is getting tougher on paying claims for defaulted loans where it believes lenders have cut corners on the underwriting.

After his criticism last month of Republican bills to unwind Fannie Mae and Freddie Mac, the regulator of the two government-sponsored enterprises made clear Wednesday he does not believe the latest round of bills is much better.

A legislative proposal to eliminate the $271,050 loan limit “floor” on Federal Housing Administration-insured loans ran into strong opposition at a congressional hearing Wednesday.

The New York Senate on Wednesday confirmed Benjamin Lawsky to be the state’s first superintendent of its new Department of Financial Services.

With their legislative sessions winding down for the year, 60% of all states have now acted to curb private transfer fees.

For weeks, Republicans have said their objections to the Consumer Financial Protection Bureau are substantive, and not based on worries about the agency's de facto leader, Elizabeth Warren. But at a House hearing Tuesday, GOP members launched a series of personal attacks on Warren, suggesting she was lying and sometimes interrupting her responses.