Compliance & Regulation

On Sept. 17, Harvard law professor Elizabeth Warren was appointed to launch the new Consumer Financial Protection Bureau. Warren also will have a broad portfolio of duties, advising President Obama on "policies and programs that are designed to protect the financial interests of middle-class families," the White House said.

California Attorney General Jerry Brown late Friday ordered the government-owned Ally Financial Inc. to stop foreclosing on homes in the state if it cannot prove immediately that it is complying with state law.

While the initial ramp-up for the Secure and Fair Enforcement for Mortgage Licensing Act is over or nearing its end for many, its continuing education requirements ensure that the need to train to keep up with it never stops.

What’s all the fuss about in appraising new condominium developments? What are Fannie Mae’s specific rules regarding condominium developments? Do appraisers need to be proactive when they are tasked with appraising a new condominium?

The House of Representatives late Thursday passed a one-year extension of the National Flood Insurance Program -- in plenty of time to avoid an October shutdown of property guarantees cherished by mortgage bankers and Realtors alike.

The chairman of the Senate Banking Committee is trying to secure a one-year extension of the $729,750 GSE loan limit in a continuing resolution the Senate is expected to pass next week.

PROVIDENCE, RI—Lenders were presented with a glimmer of hope last week that the Federal Housing Administration may be somewhat flexible when it issues a final rule later this year regarding seller concessions.

As the national foreclosure prevention campaign and other efforts have begun to mature, loan modification fraud is becoming more defined, increasingly falling into two categories.

Mortgage servicers signed off on 33,300 permanent HAMP modifications in August — the lowest number of completed restructurings since December 2009 when the Obama administration's foreclosure prevention program was just getting off the ground.

Rep. Spencer Bachus came out swinging midweek against speculation he may not become chairman of the House Financial Services Committee if Republicans win control of the House in the midterm elections.