Compliance & Regulation

The Federal Deposit Insurance Corp. has downgraded the Community Reinvestment Act rating for BancorpSouth in Tupelo, Miss.

Impending rules allow sponsors of commercial mortgage bonds to satisfy a requirement to keep "skin in the game" of their deals by selling the risk of first loss to a designated third party.

A Federal Housing Finance Agency rule that will force some members of the Federal Home Loan Bank System out next year is likely to have a material effect on several of the cooperative institutions.

Mortgage lenders can expand their businesses by catering to borrowers who aren't proficient in English, but doing so requires strategic recruiting and hiring and compliance with federal and state regulations.

The emergence of lenders that have no real connection to a geographic area prompts questions over how the Community Reinvestment Act’s “good neighbor” policy can continue.

The Consumer Financial Protection Bureau has met the requirements for convening small business review panels though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said.

S&P Global Ratings has raised Ocwen Loan Servicing's rankings for both its residential and commercial segments.

Morgan Stanley has completed $10.5 million in consumer relief, according to the independent monitor of the company's mortgage-backed securities settlement with New York State.

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender's bankruptcy trustee told a Miami jury on Tuesday.

Securities regulators are investigating and preparing to bring a civil case against Edwin K. Chin, a mortgage bond trader who was fired from Goldman Sachs Group Inc. in 2012, according to people with knowledge of the matter.