Compliance & Regulation

Freddie Mac has priced a $757 million offering of structured pass-through certificates under its "K Certificates" program that securitizes recently originated multifamily mortgage loans.

Amid concerns about the added complexity of the TILA-RESPA integrated disclosures and growing demand for purchase loans, Flagstar Bancorp plans to reduce its over-reliance on third-party originations by expanding its retail mortgage business.

Royal Bank of Scotland Group took a surprise $5.2 billion hit to the value of its assets and set aside more money for past misconduct, limiting CEO Ross McEwan's ability to return capital to shareholders.

In the absence of congressional action on housing finance reform, here is what the Federal Housing Finance Agency should do sooner rather than later.

JPMorgan Chase agreed to pay almost $1 billion to resolve claims by Ambac Financial that it was duped into insuring mortgage bonds backed by shoddy loans, clearing the way for approval of a larger settlement over similar allegations.

The mortgage industry can better manage disparate regulatory requirements with a comprehensive approach that streamlines compliance.

Bank of America and nine other banks have agreed to pay about $63 million to settle claims they misled the state of Virginia into buying faulty residential mortgage-backed securities.

Sun Bancorp in Mount Laurel, N.J., has agreed to pay $25,000 to resolve issues connected to the company’s former Sun Home Loans division.

A New Jersey man has been sentenced to six years in prison for running a scam that victimized distressed homeowners and private investors.

Credit unions and banks are worried that the rule will eventually force smaller institutions to use costly modeling programs to comply.