Compliance & Regulation

Debt collection, credit reporting and mortgages topped the list of complaints to the Consumer Financial Protection Bureau last year, the agency said Friday.

The number of misrepresentations in mortgage applications continued to decline in February, benefiting from lenders' increased spending on compliance, said First American Financial Corp.

In a letter to CFPB Director Richard Cordray, the Association of Mortgage Investors said that the "Know Before You Owe" rule has "resulted in a climate of legal uncertainty" and is "chilling" private investment in the U.S. mortgage market.

Widows, divorcees and others who inherit or otherwise receive mortgaged property often have a hard time getting loans modified because there are too many hurdles to proving they own the property.

Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.

The government agency that guarantees securitizations of Federal Housing Administration-insured loans is experimenting with a pool type that consists only of modifications and reperforming loans.

The scammers pocketed $3.8 million from troubled homeowners nationwide and did nothing to modify their loans.

Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure program.

The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.