Compliance & Regulation

Independent mortgage bankers are concerned that if Congress votes to privatize the Common Securitization Platform, it could give large banks too much control over the real estate finance market.

Mortgage industry groups are frustrated by the lack of progress on real estate finance reform, and that spurred one group — the National Association of Home Builders — to endorse Congressional candidates for the first time.

Recently launched low-down-payment mortgage programs are presenting new opportunities for fraud. But new data and monitoring tools can help lenders mitigate those risks.

A desire to own their own businesses led many loan officers to become mortgage brokers during the industry's growth period. As brokering regains its footing, that entrepreneurial spirit is making a comeback.

The Mortgage Industry Standards Maintenance Organization has launched a new portal for collaboration and communication across the industry and updated its website.

Bayview Asset Management is securitizing $159.6 million of securities that transfer the risk of credit losses on mortgages insured by Fannie Mae and Freddie Mac.

Franklin Codel, Wells Fargo's head of mortgage, will now oversee all consumer lending as part of a management shakeup that comes amid the bank's fake account scandal.

As Fannie Mae and Freddie Mac continue to experiment with up-front risk sharing deals, some small mortgage lenders are worried they will be left out of the action.

Condominium associations cannot afford to take on the potential legal risk that reporting delinquent borrowers to the credit bureaus would bring.

Within hours of taking the reins at Wells Fargo, new chief Tim Sloan pledged to finish the reforms begun by his predecessor, John Stumpf, who stepped aside Wednesday in an attempt to quiet the phony-accounts scandal that has rocked the company.