Compliance & Regulation

The reform law's Qualified Mortgage and risk-retention rules have restricted access to credit, sowing demand for niche products offered by nonbank lenders.

Commercial mortgage underwriting standards have already loosened dramatically this year, but it seems that some borrowers are still trying to get away with a little more.

Higher mortgage rates and other macroeconomic challenges may dampen lending under the Federal Housing Administration's single-family program, but they will produce a net benefit to the insurance fund. Here's why.

The New York Department of Financial Services has ordered NewDay Financial to surrender its New York State license, as the fallout continues from its exam-cheating scandal.

Prospect Mortgage, a Sherman Oaks, Calif., nonbank lender, has agreed to pay $10.1 million in borrower restitution and penalties for violating federal and state laws, California's Department of Business Oversight said Thursday.

Fannie Mae has transferred the credit risk on a $12 billion pool of mortgages to reinsurers.

The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight.

From single-point-of-contact requirements to the need for better self-service options, servicers surveyed by National Mortgage News are taking a much-needed hard look at the full range of customer touch-points that they operate.

The White House threatened to veto two bills on Tuesday — one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a “qualified mortgage.”

In one instance, a single complaint in the Consumer Financial Protection Bureau's database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that's par for the course, leading to inflated complaint numbers and inaccurate data.