Compliance & Regulation

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

The Indianapolis Federal Home Loan Bank rewarded 43 of its members with a $761,000 payout in May for the performance of their mortgages in an aggregated pool.

Russia's moving into mortgage bonds to try to cut housing costs, and it's taking a leaf out of America's book to do so.

Despite a weak first quarter for GDP growth, the Mortgage Bankers Association's Mike Fratantoni still predicts that the Fed will raise short-term interest rates this year. That won't necessarily increase mortgage rates, but other variables might.

New York's financial regulator has issued subpoenas to two companies with ties to Apollo Global Management as part of an inquiry into housing transactions for low-income buyers.

This summer, Freddie Mac will start rolling out a suite of tools that should speed sales of loans to the GSE. Relief from reps and warranties will take longer, however.

The June 25 launch, which will provide lenders with much more information about a borrower's credit history, will mark the first widespread use of trended data in the mortgage industry.

The government-sponsored enterprises' risk-sharing deals are being hailed as an innovative approach for Fannie Mae and Freddie Mac to offload credit exposure to private markets. But their growing popularity is raising questions about how these transactions should be reported in financial statements.

Despite not taking effect until well over a year from now, changes to the Home Mortgage Disclosure Act are already becoming a source of concern for lenders, QuestSoft found in its annual compliance survey.

Redwood Trust is broadening what kinds of prime jumbo mortgages it will accept and its appetite for non-qualified mortgages.