Compliance & Regulation

Iowa Attorney General Tom Miller blasted a study Tuesday that said proposed servicer settlement terms could cost the economy $10 billion a year.

For the first time in 13 years, Georgia won't be among the top ten states for mortgage fraud when LexisNexis releases its annual MARI fraud index on May 2.

A proposed settlement with the nation’s top five residential servicers could prolong the foreclosure crisis, drive up mortgage interest rates, slow new home construction and cost $7 billion to $10 billion a year, according to a study from three top economists.

An agreement between the Obama administration and lawmakers over this year's fiscal budget includes audits of the newly created Consumer Financial Protection Bureau.

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.

Southern Trust Mortgage Co. of Virginia Beach late last week told its loan brokers that it would exit the channel, citing what it calls "increasing compliance implications" tied to the Federal Reserve's new loan officer compensation rule.

State attorneys general and Consumer Financial Protection Bureau officials on Monday agreed to cooperate on enforcement actions and work together to prevent evasions of consumer protection laws.

CoreLogic’s FinalCheck suite of quality control software is now accessible from the Ellie Mae loan origination system.

A year-long undercover investigation by four housing organizations revealed that fraud practices are prevalent within the servicing industry as one in nine homeowners nationwide are more than 90 days behind in their mortgage payments.

What will the shape of a new secondary market look like?It could be one where lenders shun the 30-year fixed-rate mortgage.