Compliance & Regulation

I want to talk about the purposes we understand ourselves to be serving at America’s new Consumer Bureau. Like any other creature of federal law, our aims start with the authority vested in us by our enabling statute.

The regulator of Fannie Mae and Freddie Mac warned Thursday that congressional proposals to clamp down on the two government-sponsored enterprises could put taxpayers at greater risk.

As the industry copes with the “new normal,” mortgage lenders have three goals in mind when it comes to how they invest in information technology—compliance, managing economic cycles and expanding market share.

An appellate court in Washington late Thursday night granted a stay delaying implementation of the Federal Reserve's loan officer compensation rule until April 5.

The new loan officer compensation rules which takes effect today, April 1, have prompted the nation's two largest residential originators to overhaul how they pay their retail LOs by tying pay to sheer volume -- to a greater degree than ever before.

Two brokerage trade groups are expected to file an appeal in Washington by close of business Thursday, challenging a ruling that paved the way for the Federal Reserve Board to proceed with its loan officer compensation rule.

Unless the implementation of the Federal Reserve’s rule on loan officer compensation is upended by last-minute court action, it went live last Friday and lenders should comply with it.

Top Republicans on the House Financial Services Committee are once again criticizing Elizabeth Warren, who is leading the Consumer Financial Protection Bureau creation, for her role as an advisor in the mortgage servicer settlement talks.

Arkansas has become the 22nd state to restrict private transfer fees which require a percentage of a home's sales price be paid to a private third-party each time the property is sold — often for up to 99 years.

U.S. District Court Judge Beryl Howell late Wednesday denied a preliminary injunction aimed at halting the Federal Reserve's loan officer compensation rule, dealing loan brokers a major blow.