Compliance & Regulation

The operational risk that arises from a host of smaller details in today's dynamic loan origination market is outweighing fraud concerns when it comes to identifying potential buybacks, according to one executive.

When it comes to covered bonds – especially their application in the mortgage market – Rep. Scott Garrett of New Jersey just won't give up.

It used to take several years for the Federal Housing Administration to track down its worst lenders and put a stop to their shoddy lending practices. Not any more.

Ranking Republican members on the House Financial Services Committee are none-too-happy about the proposed AG settlement with residential servicers, but what they really dislike is the concept of principal writedowns on troubled mortgages.

The recent financial crisis was one of the world's worst and most pervasive. Actions taken affecting an array of institutions during the crisis, like each crisis before it, set new precedent and invited new risks going forward.

Lawsuits filed this week by two broker trade groups challenging the Federal Reserve's loan officer compensation rule are expected to be combined into one case by the presiding judge.

United Capital Markets, which helps firms hedge their servicing portfolios, says the Federal Housing Finance Agency could be all wet on several assumptions in its 'Joint Servicing Compensation Initiative,' a document that thrives to revamp GSE servicing fees.

The House Financial Services Committee late Wednesday approved a bill (H.R. 839) to kill the Obama administration's signature foreclosure prevention program, calling it a failure for low performance.

Sen. Richard Shelby, R-Ala., on Wednesday blasted federal regulators and state attorneys general for using "strong arm tactics" to force the nation's megabanks (and megaservicers) to agree to a $30 billion settlement along with changes to their foreclosure and loan modifications practices.

Although executives at Fannie Mae and Freddie Mac would love to see their dividend payments to the U.S. Treasury cut in half, it's unlikely that it will happen, according to a new report from Keefe, Bruyette & Woods.