Compliance & Regulation

Senate Banking Committee chairman Christopher Dodd, D-Conn., will hold a committee hearing Nov. 16 to review allegations of improper and fraudulent mortgage servicing and foreclosure processing by the nation's banking companies.

Following the latest "foreclosure-gate" headlines, rumors are sparking that due to the "MERS mess" there may issues with getting title insurance. Many say this could "snowball out of control and get ugly." Find out more here.…

Four different speakers that run the gamut within the lending industry will come together at the Mortgage Bankers Association’s annual meeting in Atlanta to discuss how insider fraud is still running rampant within the mortgage lending space.

If he had a half-million dollars of his own, Roy DeLoach said he would be filing suit to stop the Federal Reserve Board’s loan officer compensation rule because of its anti-competitive nature.

The administration has taken very seriously its responsibility to ensure that FHA is operating on sound financial footing while minimizing risk to taxpayers. Since I took office as FHA Commissioner in July 2009, we have implemented a broad range of actions demonstrating steadfast stewardship of the fund, while carefully ensuring that we continue to serve communities nationwide.

President Obama late Thursday vetoed a bill that was designed to facilitate electronic mortgages and e-commerce. The veto arose in the wake of fears that language in the legislation would make it easier for servicers to get foreclosures approved by the courts.

The voice of reason: What is your best idea for Obama to help Fannie/Freddie? Fannie and Freddie need to stop the bleeding and need your ideas. What is your idea?

The Department of Housing and Urban Development has rolled out a new $1 billion program to provide bridge loans of up to $50,000 for struggling mortgagors who have lost their jobs or suffered a significant loss of income.

Senator Richard Shelby, R-Ala., ranking Republican on the Senate Banking Committee, is calling on federal regulators to investigate the foreclosure problems at three major banks and report back to the committee.

Wells Fargo & Co. has agreed to pay $24 million to end an investigation by eight states looking into allegations that lenders acquired by the bank made risky payment option ARMs to consumers without disclosing their perils.