Compliance & Regulation

State-licensed mortgage companies must file a new quarterly Mortgage Call Report by May 15 that will list their loan officers along with origination data.

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.

It will take a decade or more to work out all the kinks in the forthcoming merger of the Truth in Lending and Real Estate Settlement Procedures Act into a single, integrated disclosure, a top banking industry official said.

In my former role as deputy assistant secretary for risk management and regulatory affairs and FHA’s chief risk officer, I oversaw FHA’s enterprise risk management functions in a division encompassing all of its business lines, including single family, multifamily and healthcare.

Two Washington businesses have formed an alliance to work together in order to help clients with legal matters relating to the mortgage banking industry.

Fannie Mae and Freddie Mac have agreed to "single track" delinquent borrowers for at least 120 days before servicers begin foreclosure processing under new loss mitigation guidelines sanctioned by the GSE regulator.

The Federal Trade Commission has mailed $1.5 million worth of refund checks to over 3,100 Hispanic borrowers who received mortgage loans from Golden Empire Mortgage.

A new tool checks Department of Defense records to verify whether defaulted mortgage borrowers are actively serving in the military, providing a regulatory compliance check for servicers while staying within the confines of department policies.

A new tool checks Department of Defense records to verify whether defaulted mortgage borrowers are actively serving in the military, providing a regulatory compliance check for servicers while staying within the confines of department policies.

The European Union (EU) and U.S. regulators might be on the same page when it comes to trying to get the securitization market to be more risk averse. However, their different approaches have left a gap that needs to be eventually bridged, industry sources said.