Compliance & Regulation

The risk retention proposal will give the "too big to fail" banks a competitive advantage over smaller banks in the mortgage securitization market, according to a new report from the Amherst Securities Group.

The House Financial Services Committee late last week approved several bills to restructure the new Consumer Financial Protection Bureau and curb its powers until the agency’s first director is confirmed by the Senate.

A U.S. attorney is taking a novel approach to suing Deutsche Bank for the alleged "reckless" FHA lending practices of its MortgageIT subsidiary with the case sending a chill through other government lenders who fear they, too, may be on the government’s hit list.

Fifteen industry and consumer groups are urging federal regulators to extend the June 10 comment period on the contentious risk retention proposal, which they say will have an “enormous impact on the availability and cost” of obtaining a mortgage.

AllRegs has created an online fraud prevention security resource that allows businesses to verify a customer’s identification during a transaction.

To improve its LoanSafe Fraud Manager platform, CoreLogic has integrated real-time identity risk insight from ID Analytics as part of its technological product.

The risk retention proposal drafted by federal regulators has stirred such widespread opposition—and controversy—that it may take years before it is finally implemented.

A Cleveland company that offered to help homeowners avoid foreclosure on their homes has been sued by the Ohio Attorney General's office for failing to live up to its promises of debt relief.

A new report, "Paying More for The American Dream V," by a group of nonprofit housing advocacy organizations, finds evidence that banks may be engaging in redlining on refinance loans in communities of color.

Two members of the House Financial Services Committee late Thursday introduced GSE reform legislation that would create new entities to issue government-guaranteed MBS.