Compliance & Regulation

Nearly 1,200 depositories have been hit with an enforcement action made public by federal regulators since the start of 2008, and that number is expected to climb at an accelerated rate.

The Rural Housing Service said it is working on implementation of a new premium structure that Congress approved in July and hopes to start approving loans once the system updates are ready.

Mortgage insurance companies, which have been bleeding massive amounts of red ink for two years, could see their prospects brighten in a post-Fannie Mae/Freddie world, according to one proposal making the rounds in Washington.

Applicants for mortgage originator licenses who fail their national and state exams don't do very well if they decide to take the tests over again.

The Obama Administration isn't waiting until the Senate confirms a director to head the new Consumer Finance Protection Bureau to begin implementing "the most significant financial reform legislation since the Great Depression."

Flim-flammers who promise to help troubled borrowers obtain loan modifications are going to extraordinary lengths to snare their next marks, even so far as hanging out in restrooms.

The Federal Housing Administration has delayed for one month — at the industry's request — the implementation date for its new mortgage insurance premium structure.

Lewis Ranieri — the co-inventor of the mortgage-backed security — and bond market maven Bill Gross are among a group of 12 speakers testifying next Tuesday at a Treasury forum on the future of the housing finance system, a discussion that will touch on what to do with Fannie Mae and Freddie Mac.

Michael McGrath, the one-time CEO of U.S. Mortgage/CU National Mortgage, convicted of stealing almost $140 million of credit union funds, will remain free on bail with his sentencing postponed again until Nov. 15.

Ralondria Stafford, 36, and Necole Ward, 31, both formerly of Vallejo, Calif., pleaded guilty before U.S. District Judge Morrison C. England Jr., to bank fraud.