Compliance & Regulation

A key element to the final qualified mortgage rule is supposed to deliver QM protection to otherwise unqualified loans, opening up smaller lenders to make more loans. Here's why that's not going to work.

The added clarity provided by the Federal Housing Administration's revised single-family handbook comes at the expense of lender flexibility to get loans qualified, including a popular workaround for borrowers with deferred student loan debt.

The former chief executive of a Nebraska bank has been convicted by a federal jury for lying to investors and regulators about considerable losses tied to risky commercial real estate investments.

The Consumer Financial Protection Bureau is pushing back against a lawsuit from PHH Corp. that claims the agency erred in overturning an administrative law judge's recommendation to limit the amount of penalties it could face.

RCS Capital Corp. plunged after Apollo Global Management scaled back plans to invest in the company and another entity associated with Nicholas Schorsch.

Amid an ongoing shift in pricing strategies in the private mortgage insurance market, Essent Group chairman and CEO Mark Casale is trying to show investors that aggressive pricing tactics aren't the only way PMI firms compete.

While regulatory pressures remain top of mind for the mortgage industry, lenders surveyed by National Mortgage News are shifting their attention from defensive-minded compliance initiatives to ones that improve companies' ability to compete.

Title insurers are bracing for a bumpy fourth quarter due to the CFPB's new mortgage disclosure rules. But the timing of the regulation might actually help get the short-term pains out of the way during what's typically a slower period of mortgage activity.

Nonbank mortgage lenders added 1,600 employees to their payrolls in September, which combined with revised August figures brought industry employment to its highest point in more than two years.

While the overwhelming majority of Nationstar Mortgage Holdings' $4.9 billion in home loan originations in the third quarter were conventional loans, that will be changing soon if the company's chief executive officer has his way.