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WASHINGTON — Lawmakers laid out a series of ambitious deadlines in the Dodd-Frank Act, requiring regulators to complete roughly 170 new rules by July.
February 23 -
The Federal Housing Finance Agency Wednesday morning laid out its options for restructuring mortgage servicing compensation, including the possibility of eliminating the 25 basis point minimum paid on performing loans.
February 23 -
Quicken Loans Inc., one of the top mortgage lenders in the country, is currently defending its 25-year reputation regarding the company’s business strategies in a federal court case in Detroit.
February 22 -
Despite the national fraud risk index remaining flat from both the previous quarter and last year, increases in localized ZIP codes can affect the ranking of a state, according to the latest Mortgage Fraud Risk Report developed by Interthinx.
February 22 -
A California con man has been sentenced to 22 years in prison for two independent fraud schemes targeting the Latino community.
February 22 -
A convicted financial crime felon, whose conviction has been widely reported in the press and which is known to every person working on the NMLS, submits an MU form and applies for a state MLO license.
February 22
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After two and a half years of failures nearly every Friday, and a pile of about 350 collapsed banks, one former management team of a shuttered thrift has decided to fight back.
February 22 -
The National Credit Union Administration has proposed a new investment rule that eliminates the need to obtain top grades from Wall Street rating agencies, replacing it instead with the judgment of a credit union's management.
February 22 -
The Federal Deposit Insurance Corp. has sent letters to former executives of the failed Washington Mutual Bank, Seattle, warning of possible legal action, according to a report by Dow Jones, quoting a source familiar with the situation.
February 22 -
Federal prosecutors have ended their criminal investigation of former Countrywide Financial chairman and CEO Angelo Mozilo, after deciding that his actions managing the nation's largest lender did not constitute criminal behavior, according to a report in The Los Angeles Times.
February 19

