Compliance & Regulation

The Federal Trade Commission is suing a national operation with marketing false loan modification services targeting homeowners who are behind in their mortgage payments or facing foreclosure.

One of the most far-reaching outcomes of the mortgage meltdown is the recognition that when the data underlying an application is inaccurate, the loan is not likely to be either suitable or sustainable.

AB 406- This bill would PROHIBIT BALLOON PAYMENTS from being included in the terms of an adjustable rate loan, as defined, for real property containing one to four residential units secured by a mortgage or deed of trust on real property.

The Federal Housing Finance Agency has extended a special program for one year so more borrowers can refinance and lower their mortgage payments.

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.