Compliance & Regulation

MERSCORP, Inc. has added a new certified vendor of digital certificates for identification and signatures to its website.

After months of speculation and more than a week of fevered media coverage on the topic, President Obama formally picked Elizabeth Warren on Friday as assistant to the president and special advisor to Treasury Secretary Tim Geithner in charge of creating the Consumer Financial Protection Bureau.

A bankruptcy judge has approved a settlement between the Federal Deposit Insurance Corp. and the now-defunct Taylor Bean & Whitaker over the ownership of more than $1 billion in disputed loans and mortgage-related assets.

The Mortgage Bankers Association wants regulatory relief for lenders that rely on underwriting decisions made by FHA's 'TOTAL Scorecard' program, including an exemption from the agency's Neighborhood Watch system which displays the delinquency performance of individual firms.

Baltimore has suffered another setback in its case against Wells Fargo & Co. in which it argues that the bank's lending practices led to foreclosures that have hurt the city.

Lenders were given a ray of hope Thursday that the Federal Housing Administration may come down on the side of flexibility when it finally issues a final rule regarding seller concessions.

WASHINGTON — How to ensure the Federal Deposit Insurance Corp. has the flexibility it seeks while giving investors and issuers the certainty they need has emerged as the central sticking point confronting lawmakers interested in developing a covered bond market in the U.S.

Rhode Island enjoys a "really good" success rate when it comes to saving the homes of troubled borrowers, according to housing counselors speaking at the New England Mortgage Bankers Conference in Providence.

President Obama is expected to appoint Elizabeth Warren as an assistant to the president and special advisor to Treasury Secretary Tim Geithner tasked with getting the new consumer protection bureau on its feet, a Democratic official said late Wednesday.

The Treasury's point man on GSE reform said Wednesday that the Obama White House will not propose any changes to government guarantees backing Fannie Mae and Freddie Mac MBS for fear of hurting the liquidity and functionality of the U.S. mortgage market.