Compliance & Regulation

Most tax lien and civil judgment data will be taken out of credit bureau files on July 1, possibly inflating scores and raising concerns about liability for mortgages that sour.

The Consumer Financial Protection Bureau issued a proposal that would give mortgage lenders more flexibility in collecting information on race, sex and ethnicity of home loan applicants.

It took more than four years before David Bruns was caught stealing from the Montgomery County, Ohio, Prosecutor's office.

Fannie Mae has obtained reinsurance for $510 million of credit losses on $20.4 billion of single-family residential mortgages through a pair of credit insurance risk transfer transactions.

The groups and industry trade associations want the Treasury Department and the FHFA to allow Fannie Mae and Freddie Mac to build up capital reserves.

With refinance volume shrinking, some lenders are making up the difference by turning to alternative loan products for borrowers with lower credit scores.

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

Higher interest rates have reduced prepayments to levels not seen since 2014.

Freddie Mac will soon allow automated underwriting of borrowers who lack scores but have other financial records.

Servicers are able to borrow more against their Ginnie Mae mortgage servicing rights as financing providers become more comfortable with the collateral.