Compliance & Regulation

After receiving notice that he’s under investigation by the Securities and Exchange Commission, CoreLogic Chief Financial Officer Anthony "Buddy" Piszel resigned late Thursday.

Not only is the Obama Administration pledging to wind down Fannie Mae and Freddie Mac over the next seven years, but its new plan makes it clear that it will constrain the growth of the Federal Housing Administration's single-family loan program.

Increased oversight should help the Federal Housing Administration sell more repossessed homes quickly, and at the right price.

The Department of Housing and Urban Development is planning to increase annual premiums for FHA-insured loans by 25 basis points in April.

The performance of high-balance loans is not going help Federal Housing Administration increase its capital and could be risky for the government-backed insurance fund, according to a study published by two George Washington University professors.

Private markets would be the primary source of mortgage credit going forward under the Obama Administration's plan to reform the housing finance system.

By now you’ve heard the news and read the stories (some of which we published) about the coming Basel III rules and how they could force a wholesale restructuring of the residential servicing business. At issue is the cash or “real value” of mortgage servicing rights and how much they can count toward Tier I capital at a depository institution.

The new chairman of the House GSE subcommittee is looking for "immediate steps" Congress can take to reign in Fannie Mae and Freddie Mae and reduce their role in the mortgage market.

The House Oversight and Investigations subcommittee next Tuesday will hold a hearing to examine the taxpayer-funded expenditure of legal fees incurred on behalf of former executives at Fannie Mae and Freddie Mac.

Depositories could easily finance the demand for jumbo mortgages if Congress decides to substantially reduce GSE loan limits, according to a conservative think tank analyst.